3 ms·
Many countries (and certainly Italy) have a taxation treaty with the US. To my understanding, you basically write off your foreign tax against your US tax and s
by Macha 5y ago
Many countries (and certainly Italy) have a taxation treaty with the US. To my understanding, you basically write off your foreign tax against your US tax and so only have to pay US tax if the foreign tax is less than the US (which in Italy, probably not).
- city41 5y agoAnd to add to this, there are other things like the Foreign Earned Income Exclusion which for most people boils down to about a $100k tax credit.