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submitted 2 years ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca
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[-] cyberpunk007@lemmy.ca 3 points 2 years ago

But isn't it true that you still have to pay some sort of annual tax to the USA even if you no longer live there?

[-] jagged_circle@feddit.nl 2 points 2 years ago* (last edited 2 years ago)

No. It is not true.

I lived outside the US for many years and never even filed my taxes because my income was less than $100,000 per year.

If you earn a bit more than that, or you have income from capital gains, then may have to report it and pay taxes, yes.

See IRS rules for "Foreign Income Exclusion"

[-] kent_eh@lemmy.ca 2 points 2 years ago* (last edited 2 years ago)

Americans have to submit tax forms to the IRS every year, even if they are no longer living there or earning income there.

this post was submitted on 18 Feb 2025
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