I am a US citizen, but legal resident of Honduras. Why do I owe any taxes at all if my income is below $60,000? (I have not seen the US for over 2 years.)

[honduranpreacher]

Obviously, I´m missing something. (I have very limited internet, so I can´t respond for probably a week.) Turbo program does not seem to understand by situation... or I do not understand my situation. 

I own nothing in the US. In Honduras, In Honduras, I have a car, 2 motorcycles, a house, etc. I´m not moving back to the US, likely, ever.

My income is well below the $60,000 figure.

A huge thanks for any help whatsoever.

[TaxGuyBill]

There is no "$60,000 figure".

Is ALL of your income "earned" income (from a job or self employment)?  Or is part of your income "unearned" income (interest, dividends, capital gains, rental property income, etc.)?

[SweetieJean]

Maybe OP is getting $60,000 from here?
<a rel="nofollow" target="_blank" href="https://www.irs.gov/individuals/international-taxpayers/some-nonresidents-with-u-s-assets-must-file-...>

[SweetieJean]

or this?
<a rel="nofollow" target="_blank" href="https://www.irs.gov/uac/newsroom/irs-reminds-those-with-foreign-assets-of-u-s-tax-obligations-2015">...>

[honduranpreacher]

A huge thanks to everyone who helped or even tried to help. Since I have been outside the US, specifically in Honduras, for over 2 years, it is my understanding that I qualify for the exclusion. Once again, THANKYOU!

[honduranpreacher]

I qualify for the exclusion, I just needed to keep reading. I admit, I hit the "panic button" too soon. Thanks to everybody who helped.

[TomD8 · Accepted solution]

As a US citizen, you are legally required to file a US tax return and you are subject to US income tax on your worldwide income, even if you do not live within the US and its territories and/or have no US income.

You may avoid double taxation on your foreign earned income if you qualify for the  Foreign Earned Income Exclusion and Foreign Tax Credits.  TurboTax can handle these situations.

[honduranpreacher]

Thanks. By my understanding of the rules, I qualify for the exclusion because I have been outside the country for 330 consecutive days.   I kept reading and studying, and I think I am right.   I thank you for your prompt and helpful response.

[TomD8]

Remember that you must still file a tax return even if you qualify for the exclusion.

[honduranpreacher]

I qualify for the exclusion, I just needed to keep reading. I admit, I hit the "panic button" too soon. Thanks to everybody who helped.