US Exit Tax - Tax liability Joint filling

lebrx002 · Post by **lebrx002** » Fri Dec 31, 2021 2:46 pm

I see that the individual tax liability threshold for US exit tax is a 5 year average of $171k in year departing US. I can’t seem to find the joint filling threshold. Nelson - can you confirm ?

nelsona · Post by **nelsona** » Fri Dec 31, 2021 9:03 pm

You are talking about expatriation tax. There is no joint threshold. It is per individual.

lebrx002 · Post by **lebrx002** » Fri Dec 31, 2021 9:15 pm

Sorry I’m trying to understand. We’ve been filing jointly and my understanding is that it’s based on 5 year average. How do I do apples-to-apples view to ensure I’m below threshold?

nelsona · Post by **nelsona** » Fri Dec 31, 2021 10:32 pm

Even when filing jointly, you are able to determine your individual income (many states require this for their tax system, and all tax software offers the option of running a split vs joint comparison). So it should not be that difficult to determine your income and you spouse's income each year.

So it is apples to apples: Your apples and your spouse's apples.

nelsona · Post by **nelsona** » Fri Dec 31, 2021 11:03 pm

Expatriation is done by an individual (like dying). Think of expatriation tax as mid-life estate tax.

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US Exit Tax - Tax liability Joint filling

US Exit Tax - Tax liability Joint filling

Re: US Exit Tax - Tax liability Joint filling

Re: US Exit Tax - Tax liability Joint filling

Re: US Exit Tax - Tax liability Joint filling

Re: US Exit Tax - Tax liability Joint filling