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If you’re a U.S. citizen or Green Card holder, you will need to pay into Social Security whether or not you live in the United States, according to the Greenback Expat Tax Services website. If you work for a U.S. company, you and your employer are both responsible for making Social Security tax contributions.
“You have people doing what seems to them like very normal things, like saving for retirement, or buying a home,” said David McKeegan, co-founder of Greenback Expat Tax Services. “But when you do it overseas, sometimes you can get yourself into a whole lot of trouble.”
How many expats plan to renounce their US citizenship? Read CNBC's discovery based on Greenback's 2022 expat trends survey results.
Are you an expat looking to get your US taxes knocked out? Greenback makes the process fast and easy.