If you are a permanent U.S. citizen or a green card
holder and living abroad; you must file the income, gift, and estate, tax
returns to the federal government of the United States. No matter in which
corner of the world you’re living in, or you have a dual residency or not;
rules for paying estimated US TaxReturns will still be same.
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US Tax Returns |
Your worldwide income or earning from foreign
sources is subject to the policies of the U.S. income tax. However, the
taxation amount of threshold limit can vary a lot according to your age; but
the minimum amount for tax return filing in the US for resident aliens is
&12, 000. However, for self-employed persons and senior citizens; the onset
point for tax filing plunged.
US tax filing obligations are applicable to those
resident aliens whose personal income is sourced from factors like wages,
salary, tips, commissions, consultancy fees, alimony, pension fund, US and/or
foreign social security, dividends, interest, capital gains, farm income,
royalties, rental property, inheritance, and payment in any other kind from the
foreign countries.
While for a taxpayer, aged below 65 and single,
$12,000 is the minimum income requirement for US Tax Returns; for senior citizens aged 65 or more; the income tax
threshold is $13,600. Likewise, for self-employed individuals, the limit for
tax filing in the United States is $400; regardless of your filing status and
age.