If you have student loans, read this.

submitted by mongre from self.whatever

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]magnora7 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

You can make up to ~$100k in FOREIGN INCOME without being taxed.

Not sure this is true. I worked abroad for a year and made $36k that year and still had to pay US taxes. Maybe it's true for how they calculate loan payments though

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

You're right, US citizens are still obligated to pay taxes when outside the country. Not all countries do that but the US does.

[–]mongre[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Your company or house was likely in the us.

https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion

[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year

This was the thing that made it not possible. I worked there for 6 months but lived there for a year, but during the last 6 months I had to leave every 90 days to reset my visitor visa, so I was not there for an uninterrupted year technically.