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New Bill Allows U.S. Expats to Be Taxed as 'Non-Residents'
News December 19, 2024 at 02:45 PM
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What You Need To Know
- Non-resident Americans would be taxed only on U.S.-sourced income, including retirement account distributions.
- The bill could make it easier for expats to get banking services, Rep. Darin LaHood says.
- The measure could be folded into a tax reform package in 2025.
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