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Not zero for self-employed folks. Self-employment tax (Social Security and Medicare) is unaffected by the Foreign Tax Credit or the Foreign Earned Income Exclus
by junar 5y ago
Not zero for self-employed folks. Self-employment tax (Social Security and Medicare) is unaffected by the Foreign Tax Credit or the Foreign Earned Income Exclusion. Unless you're paying into a foreign social security plan in a treaty country, you'll owe that 15.3% tax.
https://brighttax.com/blog/expats-self-employment-tax-foreign-earned-income/ https://brighttax.com/blog/expats-self-employment-tax-foreig...