I have a "work from anywhere" type of job, and am wondering what are the limitations if I work from India (but am still paid with US dollars, ofcourse US taxes are taken out of the paycheck...)
Thanks
2007-02-12 03:32:28 · 2 answers · asked by ajangity 1 in Business & Finance ➔ Taxes ➔ India
What sort of limitations are you inquiring about? You are a US citizen, so you continue to be subject to US taxes even if you are living in India. If you are also subject to tax in India for the income you earn, then you can exempt up to $80,000 a year from tax in the US under the foreign earned income exclusion.
2007-02-12 03:50:55 · answer #1 · answered by jseah114 6 · 0⤊ 0⤋
US citizens are taxed in their world wide income and you are required to file tax return. You location does not matter. If you paid any taxes in India you can claim a foreign tax credit. There are no limitations other than having more savings potential as cost of living may be less than US.
2007-02-12 05:01:31 · answer #2 · answered by onlinetaxsiteswatch 2 · 0⤊ 0⤋