@Vijay256 , Namaste ji
Based on your post :
(a) Do you have any assets in the USA ( bank account, house, equities, employer pension plan, 401(k) and/or similar tax advantaged account) ?
(b) Did you the requisite paperwork with the IRS showing that you have left the USA ?
(c) When did you come to the USA with H-1B and when exactly did you depart ? Was this your only US residency ?
I ask for these bits of info because as a long-term resident of US ( usually 10 years or more ) there are some "exit" tax implications.
Very generally please note the following ( I will follow up once I hear back from you :(
1. Till IRS accepts that you are not a resident for tax purposes any more and/or do not have substantial financial connection with the USA, you have to file a return as a resident and be taxed on world income.
2. Assuming that you can show that your connection to India is pre-dominant post your departure ( date TBD ), you will still have to file a US tax return recognizing any US sourced income.
3. Most likely scenario ( assuming that that is soi when you answer my question s ) for your 2024 would be dual status filer ---- Form 1040 showing all your world income till the day of departure ( note that you would have to use itemized deduction ) and form 1040-NR for the rest of the year and recognizing ONLY US sourced income.
Does this make sense ? I will circle back once I hear from you --yes ?
Namaste ji
pk
