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rubyn00bie | 10 days ago

Oh yeah, and just wait until you see you have to pay the US taxes on your income too. Tax system for US citizens living abroad is insanely bad.

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KK7NIL|10 days ago

> Oh yeah, and just wait until you see you have to pay the US taxes on your income too.

No, you don't. You still have to file but you get "Federal Tax Credits" for income tax paid abroad and seeing how a EU country's income tax will almost certainly be higher than the US', you'll end up paying nothing. There's also tax treaties to avoid double taxation in other ways.

rubyn00bie|10 days ago

I’ve seen plenty of videos covering it from expats stating they still do in fact pay taxes back to the US. Maybe the info is outdated or things have changed recently, but a cursory google makes it seems like that “No, you don’t,” isn’t true. It looks like the Federal Tax Credit only covers up to $130,000 per year of income. Then you pay on whatever you make over that (assuming you don’t have other credits).

deepsun|10 days ago

Only the difference.