20min chapter

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973: Friday Q&A: Should I Become a US Citizen, Should I Invest My Money Into Treasuries, Switch Health Insurance, Preparing for In-Laws Moving In

Radical Personal Finance

CHAPTER

Becoming a US Citizen: Advantages and Tax Considerations

This chapter explores the benefits and downsides of becoming a US citizen. It discusses the requirement to file tax returns for life, even if not living in the US, as well as the advantages of having full access to the country as a backup plan. The chapter also delves into tax considerations for US citizens living abroad and the implications of the foreign earned income exclusion.

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