2kotori
New Member

Retirement tax questions

@DianeW777My foreign income is excluded, so my investment gains and dividends is the only taxable income I have.

This is just the first time since first moving overseas a while ago I've had the output says I owe taxes because my US investments actually made more than standard deduction, so I'm confused by the high taxation rate on less than $8000 income after deduction.

Just trying to make sure it is correct, as I'm used to everything zeroing out, so wasn't prepared to owe so much.