The number of Americans working in other countries — either part time or full time — is increasing. Plus, the number of Americans who choose to retire overseas is also on the rise. Expats often have questions and concerns about the possibility of double Social Security liabilities being levied by tax authorities. It's recommended that Americans living or working abroad become familiar with totalization agreements and whether the U.S. has an agreement with the country in which the American is living or working. There are several other rules and policies in place, too, that affect expats and their benefits. Read through the Q&A to find out more.
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Year-end 2024 Tax Topics Checklist