perkujki
15 Apr 2019
Life / Retiring in Poland [39]
It does depend on residency, this conversation only applies to those claiming Polish residency. You are liable for both taxes on earned income but on your USA return you can claim either a deduction or a foreign tax credit. Plus any income earned outside the USA is not taxed until you earn over 100k$. Unearned income in the USA I do not think is taxable by Poland but I am not sure. Unearned income from Polish sources is reportable to the IRS but again there are limits and then deductions for foreing taxes paid. Don't forget about FATCA! You must file with US treasury. If you are a USA citizen, and have overseas accounts.
It does depend on residency, this conversation only applies to those claiming Polish residency. You are liable for both taxes on earned income but on your USA return you can claim either a deduction or a foreign tax credit. Plus any income earned outside the USA is not taxed until you earn over 100k$. Unearned income in the USA I do not think is taxable by Poland but I am not sure. Unearned income from Polish sources is reportable to the IRS but again there are limits and then deductions for foreing taxes paid. Don't forget about FATCA! You must file with US treasury. If you are a USA citizen, and have overseas accounts.