If you are a U.S.citizen, you are responsible for filing a U.S. tax return on your world-wide income. Your filing requirement will be based on the standard deduction in effect for the specific tax year. No, living overseas does not change your standard deduction.
2023 STANDARD DEDUCTION AMOUNTS
SINGLE $13,850 (65 or older/legally blind + $1850)
MARRIED FILING SEPARATELY $13,850 (65 or older/legally blind + $1500)
MARRIED FILING JOINTLY $27,700 (65+/legally blind) ) + $1500 per spouse
HEAD OF HOUSEHOLD $20,800 (65 or older/blind) + $1850)
2024 STANDARD DEDUCTION AMOUNTS
SINGLE $14,600 (65 or older/legally blind + $1850)
MARRIED FILING SEPARATELY $14,600 (65 or older/legally blind + $1500)
MARRIED FILING JOINTLY $29,200 (65 or older/legally blind + $1500)
HEAD OF HOUSEHOLD $21,900 (65 or older/legally blind + $1850)
Who has to file?
http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
