I recently saw a video claiming that the US taxes it’s citizens even if they live abroad. Is that true? If so, how are you going to deal with that? Paying taxes for two countries would not leave you a lot to live on…
Most countries have agreements to not double tax people. So if you tell the US government you already pay taxes to Sweden, they will waive their own tax requirements
I’m moving to Sweden in about 6 months! Or sooner if things go wildly to shit before then…
I recently saw a video claiming that the US taxes it’s citizens even if they live abroad. Is that true? If so, how are you going to deal with that? Paying taxes for two countries would not leave you a lot to live on…
In addition to what others said, there is also the FEIE, quite a generous tax deduction for US citizens who live abroad.
I believe you’re only taxed the delta between what would be your US rate and another country’s rate if said country has a lower rate.
Most countries have agreements to not double tax people. So if you tell the US government you already pay taxes to Sweden, they will waive their own tax requirements