Comments on: Income taxes and ESL teachers in Korea? http://www.englishoverseas.com/blog/income-taxes-and-esl-teachers-in-korea/ Sun, 12 Feb 2012 06:20:49 +0000 http://wordpress.org/?v=2.7 hourly 1 By: fountainz http://www.englishoverseas.com/blog/income-taxes-and-esl-teachers-in-korea/comment-page-1/#comment-1164 fountainz Thu, 26 Nov 2009 16:18:30 +0000 http://www.englishoverseas.com/blog/income-taxes-and-esl-teachers-in-korea/#comment-1164 Unless you make over $85,000 (which will be highly unlikely) teaching English in Korea, you will not have to pay US taxes. You still will need to file your 1040 plus form 2555EZ but you won't owe any money unless you have alot of other income from somewhere else. You will have to pay Korean taxes (3%-5%). They will be taken out of your check. Paying very low taxes is one of the best benefits of teaching English in Korea.<a href="http://www.medicalsupplyservices.com/medical-equipment-rental.htm"> fountainz</a> Unless you make over $85,000 (which will be highly unlikely)
teaching English in Korea, you will not have to pay US taxes.
You still will need to file your 1040 plus form 2555EZ but you
won’t owe any money unless you have alot of other income
from somewhere else.

You will have to pay Korean taxes (3%-5%). They will be taken out of your check. Paying very low taxes is one of the best benefits of teaching English in Korea. fountainz

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