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Taxation on income deposited to US bank account

Personal Finance & Money Asked by Ashrith on September 25, 2021

I am a student in Florida USA and an Indian citizen. My income earned while I am outside US is not taxable in US. However, will such income be taxable if it is deposited to my US bank account?

The source of income will be a US company.

One Answer

No. Whether income is taxable does not depend on what account the income is deposited into. And you can move money between your accounts freely without triggering taxes.

Correct answer by user102008 on September 25, 2021

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