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Does the SSS Pension from the Philippines needs to be declared as an unearned income here in the United States?
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Does the SSS Pension from the Philippines needs to be declared as an unearned income here in the United States?
There is a tax treaty between the Philippines and the US. This tax treaty prevents you from being double taxed in both countries for the same income. However you are required to report all your worldwide income on your US tax return. If you paid income tax in the Philippines on your pension, you can claim the income tax paid as a foreign tax credit on your US return
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Does the SSS Pension from the Philippines needs to be declared as an unearned income here in the United States?
There is a tax treaty between the Philippines and the US. This tax treaty prevents you from being double taxed in both countries for the same income. However you are required to report all your worldwide income on your US tax return. If you paid income tax in the Philippines on your pension, you can claim the income tax paid as a foreign tax credit on your US return
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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