Yes. If you are an expat enjoying retirement abroad, taxes, sadly, may still be a reality. If you decide on expat retirement, you are still responsible for your U.S. tax obligations if you are still a U.S. citizen.
There are many tax issues to consider if you retire abroad as an expat. For example, depending on the country you retire in, your social security benefits may no longer be subject to U.S. taxes. Additionally, if you receive income from a foreign retirement plan and pay foreign tax on that income, you may be eligible for U.S. tax credits.
Have more questions? Ready to file? No matter how complicated your U.S. tax return is, there’s an Expat Tax Expert ready to help. Get started with Virtual Expat Tax Preparation from H&R Block Expat Tax Services.