This is our first year of living in Italy (for 190 days) and having to file taxes in both countries. We don’t know what the tax liability will be for Italy until we return and file the taxes there. Would I be including the taxes that we will have to pay this year, for 2024, as a credit on my 2025 tax return?
also, our tax liability in Italy will be less than it is in the US because we are going to be participating in the 7% flat tax scheme that Italy offers to residents moving from abroad to a small town there. By paying the required US taxes now and then filing and paying the taxes in Italy this year, it would burden us to pay both in 2025 for the 2024 tax year, like double taxation. Would it be possible to estimate what the tax in Italy will be to deduct from the US tax and make corrections, if any, on the 2025 return?
