Hello. In 2024, I worked in both America and in Taiwan. I am an American citizen. I know I do not qualify for the FEIE because I was in America last year. I pay a lot of taxes in Taiwan. I just heard about how tax treaties can avoid overseas workers from being double taxed. I already filed my US taxes and paid a lot for my foreign earned income. Should I have not reported this income, because of the tax treaty?
The Taiwanese Ministry of Finance said in March that the American Double-Tax Relief treaty has been sent to the Senate. After that Taiwan will also have legal procedures. So it sounds like maybe the treaty isn't even finalized yet...?
I just don't want to have paid a lot of extra money in American taxes, if it could have been avoided, but I'm not sure where to verify this information. Thank you for any help.
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Tax treaty treatment only applies to citizens of the country (so you would use the treaty if allowed on your Taiwanese return). You should, however, be able to claim the Foreign Tax Credit so that you are not double taxed on the same income. See Claiming the Foreign Tax Credit with Form 1116 - TurboTax. If you did not claim it, you can file an amended return!
Tax treaty treatment only applies to citizens of the country (so you would use the treaty if allowed on your Taiwanese return). You should, however, be able to claim the Foreign Tax Credit so that you are not double taxed on the same income. See Claiming the Foreign Tax Credit with Form 1116 - TurboTax. If you did not claim it, you can file an amended return!
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