June life

Do you have to Pay US Taxes if you Retire Overseas? Thousands of Americans retire overseas every year, while millions more are interested in retiring overseas and are actively researching possible destinations online. The benefits of retiring abroad are numerous, including, depending on where you retire, a warm climate, a better quality of life, a sense of adventure, and more affordable healthcare. Americans who are thinking about it, and those who have already retired abroad, should be aware though that the US taxes based on citizenship rather than on residence the way most other countries do, which means that they will have to continue filing US taxes after they move, reporting their worldwide income. They may also have to file taxes in their new host country, depending on the tax and residency rules there. Americans thinking about retiring abroad should always research the tax rules in potential destination countries beforehand, as these can have a real imp