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I live in the USA but earn a pension in Brazil. I pay my taxes in Brazil. Will I need to pay USA taxes on this foreign pension (double taxation)?

 
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DanielV01
Expert Alumni

I live in the USA but earn a pension in Brazil. I pay my taxes in Brazil. Will I need to pay USA taxes on this foreign pension (double taxation)?

It depends.  Technically speaking, the United States also taxes the income.  However, you can claim a credit for the taxes you are paying to Brazil by filing Form 1116, Foreign Tax Credit.  Here is an FAQ with more information:  https://ttlc.intuit.com/replies/3302405

You also need to know how to enter your pension income.  The following TurboTax FAQ will guide you with this as well:  https://ttlc.intuit.com/replies/3290703

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1 Reply
DanielV01
Expert Alumni

I live in the USA but earn a pension in Brazil. I pay my taxes in Brazil. Will I need to pay USA taxes on this foreign pension (double taxation)?

It depends.  Technically speaking, the United States also taxes the income.  However, you can claim a credit for the taxes you are paying to Brazil by filing Form 1116, Foreign Tax Credit.  Here is an FAQ with more information:  https://ttlc.intuit.com/replies/3302405

You also need to know how to enter your pension income.  The following TurboTax FAQ will guide you with this as well:  https://ttlc.intuit.com/replies/3290703

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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