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Income Tax

paulepancakes

As a US citizen (with social security income) living in Vietnam what type of taxes are we subject to?

Thanks in advance….

See also

The tax system in VietnamCan anyone recomend an experienced CPA that deals with US expat taxesGetting an IRS tax number (ITIN) for new Vietnamese spouseRemote workingTax returns on foreign income
JennyNg


    As a US citizen (with social security income) living in Vietnam what type of taxes are we subject to?
Thanks in advance….
   

    -@paulepancakes

If you have directly recieved such income paid to your personal bank account so It's subject to personal income tax.

Aidan in HCMC

    As a US citizen (with social security income) living in Vietnam what type of taxes are we subject to?
Thanks in advance….
   
    -@paulepancakes

Where is the bank account where your social security benefit is paid?

OceanBeach92107

US Citizens don't pay any income tax on Social Security benefits, either direct deposited to a US bank or direct deposited to a bank in Vietnam.

paulepancakes

Thank you all for this information…

paulepancakes

@OceanBeach92107

Coffees are stacking up…..

OceanBeach92107


    @OceanBeach92107
Coffees are stacking up…..
   

    -@paulepancakes


3 coffees = 1 steak dinner at Dirty Fingers 😉

THIGV


    US Citizens don't pay any income tax on Social Security benefits, either direct deposited to a US bank or direct deposited to a bank in Vietnam.        -@OceanBeach92107

Isn't this only partially true?  The threshold is $25K.  If you make more than that, perhaps due to investments, rentals, or other taxable income, you are taxed on a portion of the Social Security.  Sorry I don't know the formula as I let TurboTax figure it out. 


I assume you (@OceanBeach92107) assumed that Social Security would be the OP's only income.  In fact you can have a Social Security benefit of $2084/month ($25K/yr) but it is relatively rare.

OceanBeach92107

I assume you (@OceanBeach92107) assumed that Social Security would be the OP's only income....
    -@THIGV


Only because that was his specific inquiry:


a US citizen (with social security income) living in Vietnam

MikeTVN

Question 1: What about interest from a bank in the US. I see conflicting answers that it is a flat rate of 5% and others say none. This would be on top of say $15k in SS (not taxable) and the interest is say $30k. And question 2 is a home sale in the US. In the US would be zero capital gains tax because of a prior C/G loss. But I see taxes in VN under worldwide tax, again is a flat rate of 2% on the total sale with no deductions. Does that sounds correct? Perhaps that is referring to a sale in VN and not in the US?