GLOSSARY · VISA-HOLDER FINANCE

Tax treaty

An agreement between the US and another country that sets which country taxes certain income and can lower US withholding for residents of the other country, for example on pensions. Claiming a treaty rate usually takes a form such as W-8BEN given to the payer.

Also called: double taxation agreement, dtaa, w-8ben treaty rate

COMPUTE IT WITH YOUR NUMBERS

401(k) withdrawal when leaving the US →Leaving the US on a visa: what do I net if I cash out now vs later, leave it or roll it over?Return home vs stay in the US →Should I move back home or stay in the US, and when could I stop working in each?

LEARN IT PROPERLY

CHAPTER · ARRIVING AND WORKING ON A VISA · FOUNDATIONSYour Tax Status Is Not Your Visa CHAPTER · ARRIVING AND WORKING ON A VISA · FOUNDATIONSYour Paycheck: Withholding and the W-4 for Nonresidents

SOURCES

United States income tax treaties, A to Z. Internal Revenue Service.

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