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Income Tax

paulepancakes

As a US citizen (with social security income) living in Vietnam what type of taxes are we subject to?

Thanks in advance….

See also

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JennyNg


    As a US citizen (with social security income) living in Vietnam what type of taxes are we subject to?
Thanks in advance….
   

    -@paulepancakes

If you have directly recieved such income paid to your personal bank account so It's subject to personal income tax.

Aidan in HCMC

    As a US citizen (with social security income) living in Vietnam what type of taxes are we subject to?
Thanks in advance….
   
    -@paulepancakes

Where is the bank account where your social security benefit is paid?

OceanBeach92107

US Citizens don't pay any income tax on Social Security benefits, either direct deposited to a US bank or direct deposited to a bank in Vietnam.

paulepancakes

Thank you all for this information…

paulepancakes

@OceanBeach92107

Coffees are stacking up…..

OceanBeach92107


    @OceanBeach92107
Coffees are stacking up…..
   

    -@paulepancakes


3 coffees = 1 steak dinner at Dirty Fingers 😉

THIGV


    US Citizens don't pay any income tax on Social Security benefits, either direct deposited to a US bank or direct deposited to a bank in Vietnam.        -@OceanBeach92107

Isn't this only partially true?  The threshold is $25K.  If you make more than that, perhaps due to investments, rentals, or other taxable income, you are taxed on a portion of the Social Security.  Sorry I don't know the formula as I let TurboTax figure it out. 


I assume you (@OceanBeach92107) assumed that Social Security would be the OP's only income.  In fact you can have a Social Security benefit of $2084/month ($25K/yr) but it is relatively rare.

OceanBeach92107

I assume you (@OceanBeach92107) assumed that Social Security would be the OP's only income....
    -@THIGV


Only because that was his specific inquiry:


a US citizen (with social security income) living in Vietnam

MikeTVN

Question 1: What about interest from a bank in the US. I see conflicting answers that it is a flat rate of 5% and others say none. This would be on top of say $15k in SS (not taxable) and the interest is say $30k. And question 2 is a home sale in the US. In the US would be zero capital gains tax because of a prior C/G loss. But I see taxes in VN under worldwide tax, again is a flat rate of 2% on the total sale with no deductions. Does that sounds correct? Perhaps that is referring to a sale in VN and not in the US?