Receiving an Irish Pension

BrianOg32 — Sat, 08 Jan 2022 18:37:02 GMT

I started receiving of a Irish state contributory pension in 2021. I stopped paying into this pension prior to emigrating to the US back in ‘89. Am I required to declare this pension on my IRS returns (under which section), and is it taxable? Can I apply for a waiver of foreign income for this pension?

Re: Receiving an Irish Pension

MarilynG1 — Mon, 10 Jan 2022 23:42:04 GMT

Since a pension is considered Unearned Income, it would not qualify for a Foreign Earned Income Exclusion.

However, if you paid tax on your Foreign Pension Income in Ireland, you could claim a Foreign Tax Credit.

US citizens are required to report their 'world-wide income' to the IRS.

Click this link for instructions on Reporting Foreign Pension Income. There are two different ways to do this; however, the end result is the same.

Here's how to claim a Foreign Tax Credit.

This IRS link has details on Foreign Pensions and Annuities.

topic Receiving an Irish Pension in Retirement tax questions

Receiving an Irish Pension

Re: Receiving an Irish Pension