Search found 4 matches

by skyydaniel
Wed Mar 03, 2021 2:32 am
Forum: Taxes
Topic: Does U.S.-taxed foreign income include social security tax?
Replies: 7
Views: 1167

Re: Does U.S.-taxed foreign income include social security tax?

First, connected to the other thread, I've been told that (and from a cursory look a while back) you can 'pay up' somehow and by doing so become eligible for medicare (but I think it then was for a higher monthly fee than a more normal retiree, e.g., someone who had been paying in for many years). ...
by skyydaniel
Tue Mar 02, 2021 8:08 am
Forum: Taxes
Topic: Does U.S.-taxed foreign income include social security tax?
Replies: 7
Views: 1167

Does U.S.-taxed foreign income include social security tax?

Another, more specific way of looking at this question is --> Is is possible to earn social security credits (in the U.S.) from foreign income (from Japan)? Through the U.S.-Japan Totalization Agreement (https://www.ssa.gov/international/Agreement_Pamphlets/japan.html), expats working for a Japanese...
by skyydaniel
Tue Mar 02, 2021 2:56 am
Forum: Taxes
Topic: Japan-U.S. Tax Plan: FTC + IRA deduction, thoughts?
Replies: 2
Views: 371

Re: Japan-U.S. Tax Plan: FTC + IRA deduction, thoughts?

Not much to add--I'm in that group that thinks an IRA is not worth pursuing. Thanks for the reply! If you don't mind me asking, what were the main factors that led you to this conclusion? Separately, since you're thinking of retiring there, how are you dealing with (going to deal with) social secur...
by skyydaniel
Mon Mar 01, 2021 11:09 am
Forum: Taxes
Topic: Japan-U.S. Tax Plan: FTC + IRA deduction, thoughts?
Replies: 2
Views: 371

Japan-U.S. Tax Plan: FTC + IRA deduction, thoughts?

Hi all, I'm planning to shift my approach to investing and taxes this year, and I would love to hear anyone's thoughts on the following plan. I'm a U.S. citizen, living in Japan for 10 years now. Prior, I was in the U.S. and had already started a ROTH IRA. Since being in Japan, I've always taken the...