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How much money can you transfer from a foreign country to the US without paying taxes?

The amount of money you can transfer from a foreign country to the US without paying taxes largely depends on the country’s laws for controlling money transfers and whether you are a resident or nonresident.

Generally, certain small value transfers may be exempt from taxation (under the de minimis rate) for U.S. nonresident aliens. For smaller transfers (under the de minimis rate), typically up to the equivalent of $10,000 USD per day may be transferred to the US without incurring taxation.

U.S. resident aliens transferring funds from abroad may be subject to taxation even if the transactions fall below the de minimis rate. Any transactions over $10,000 must be reported to the federal government.

If the income you are transferring to the US is reported on a foreign tax return or a US income or information return, then you may be subject to taxation both home and abroad. Additionally, there may be state or local taxes to consider, depending on where you live and the country of origin of the funds.

Therefore, in order to determine the exact amount you may transfer without incurring taxation, it is best to consult with a tax professional who is familiar with US and foreign tax laws.