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Sending money overseas?
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veiledsentiments



Joined: 20 Feb 2003
Posts: 17644
Location: USA

PostPosted: Sun Mar 21, 2010 4:08 pm    Post subject: Reply with quote

omar08 wrote:
Mia Xanthi wrote:
Most of the people that I know have their salaries direct-deposited into their accounts in the states. This is much easier and cheaper than sending transfers.

One word of caution: if you come over on a business visa, you will not be able to easily send money. You need an iqama to open up any kind of account, either banking or transfer. This can pose a huge problem for those having bills to pay back home.


Where their salaries taxed by Uncle Sam?

As an entry level teacher, you needn't worry about paying taxes. US tax law requires you to file every year, but there are laws covering foreign earned income and you will not earn enough to have to worry about paying anything. The current exclusion according to IRS.gov is that you pay tax on any amount over $91,400.

Consult the IRS website for specific information and rules.

VS
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