this post was submitted on 03 Feb 2025
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[–] [email protected] 8 points 1 week ago (1 children)

I'm moving to Sweden in about 6 months! Or sooner if things go wildly to shit before then...

[–] [email protected] 8 points 1 week ago (3 children)

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...

[–] [email protected] 4 points 1 week ago

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

[–] [email protected] 3 points 1 week ago

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.

[–] [email protected] 2 points 1 week ago

In addition to what others said, there is also the FEIE, quite a generous tax deduction for US citizens who live abroad.