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Foreign savings account interest.
I am a usa citizen. New york city resident. Will be permanently moving to a foreign country. I am going to open a savings or a cd account which will be my only source of income. No work. Just bank interest income.
Do I need to file taxes on that interest income which will be around $12,000 a year. That's my only source of income.
How much tax can I be charged? Federal and nys tax.
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‎June 27, 2025
1:55 AM