WE'RE MOVING TO FRANCE! TAXES! UGH! THE NITTY GRITTY ON THE TAX TREATY BETWEEN THE USA AND FRANCE 

Thank you for all of this information. Your head must be spinning from that intensive research. And a huge thank you for being so inclusive when describing a family unit. Your kindness in that regard is commendable.

Thank you💐

Hi ! This is a pretty good video. One thing you keep mentioning is that due to the tax treaty, you don't have to pay twice, but what you should also emphasize is that you only pay the US taxes (which are much lower than French taxes) You didn't mention social charges which do come into play after a certain amount of non-retirement account capital gains (i.e. if you sold stock at a capital gain). Here is what I understand to be the tax obligation of an expat after much research: j Here is my understanding assuming I will be a retired US citizen with no working income (not allow on my visa anyway) and a French tax-resident. TL:DR. The tax treaty between the US and France is almost unbelievable incredible for US retirees (not so much is you are working) There are 2 taxes here: 1) French Income Tax and 2) contributions to French PUMA (called the Cotisation Subsidiaire Maladie or CSM -- social charges for healthcare) First, the tax treaty between the US and France is VERY beneficial to US retirees living in France, specifically articles 18 and 24. Article 18 of the tax treaty applies to retirement investment source. All pension, 401K withdrawals as well as US social security payments must be DECLARED on both US and French tax forms BUT you pay only the US tax and all of the french tax is credited back to you. None of this is subject to the CSM (healthcare contribution). So your money is from “retirement type sources” (social security, pension payments, 401K withdrawal) are only subject to US tax rates (which are much lower than that of France). Article 24 of the tax treaty applies to non-retirement investment income like dividends and capital gains in a regular brokerage account. My understanding, and this is amazing for US citizens, is that all investment income (for me it would be capital gains on long-held stock) mush similarly be declared on both US and French tax return, but once again the very high French capital gains tax is 100% credited back so you only pay the smaller tax to Uncle Sam. HOWEVER, this type of income is subject to the CSM, but there is an exemption. For me as a single person, the exemption is around 21,996 euro or ~$24000 (in 2023). So any capital gains over that amount would be subject to the CSM charge of 6.5%. My conclusion, as crazy as I seems, is that as long as I live off of retirement funds and avoid selling enough stock to realize more that $24K in long-term capital gains, all of my tax liability will only be to Uncle Sam and I am pretty much exempt for paying the CSM. So, expat experts, please feel free to correct any of the above if it is incorrect. However, please don’t comment on what you "think" or what somebody "might have told you", please correct something you know is incorrect through experience or direct knowledge. P.S. After Brexit, don't tell your Brit friends about this, their treaty is not as good as ours and they tend to get really pissed. AND all residents of France, regardless of nationality, are eligible for the French health care (carte vitale) after just 3 months of residence.

As a tax professional that works with American abroad on the US tax issues, you did a great job. The US-France Treaty is making my move possible.

I always learn something every time I watch.

Lots of research must have gone into this video. Lots of things to consider as an expatriate living in France

My main concern are RMD's required by the US, but based on what you've said, those funds, along with my Social Security benefits, will be transferred to a bank account in France in Euros not dollars, resulting in less $$. Glad to hear H&R Block has an expat service since they now do my US taxes. Mercy, so much to consider but you're a wealth of information! My impending move to France won't be for 2 years so I have a sufficient amount of time to consider my options and will continue to benefit from your research and knowledge. I'd love to retire in a month, when my lease expires in No.Cal, but this being an election year and most likely a tumultuous one, staying put until next April makes more sense. US citizens, please vote and stand up for democracy 🗽

Example you make $100 in US. Tax rate in US is 10% . Tax rate in France is 15% US will take 10% but France will take 5% . This is my under standing oh no double taxation. I don't believe one gets away scott free in france

I believe France can levy inheritance tax. And while the U.S. will honor trusts in some cases the French government will not.

For what I heard, you don't pay taxes there (France) because of the treaty US had with France. I am in the same situation where I am retiring at 62 but had a question also about the tax. Because of what I will be collecting, I won't be taxed. You and your husband will have 2 retired incomes so you may need to pay tax on an amount after 25K you will receive a year. Talk to an accountant about this. I have my IRA and since I have been taking out money, i have to pay taxes every time I withdraw. We all do, unless you have a Roth IRA where taxes where paid in advance. It is what my financial advisor told me when I transferred my money from my 401k to my IRA. All of this is not for a worry. Go and enjoy France and hire Adrian! She knows what is going on now and will help you. She has coffee events with people I have been watching, she mentioned the treaty between US and France for taxes. Once again, thank you so much for the information you provide. I must meet you when I get to France!

Great research! If your only income is a bit of interest (e.g. $1,000) earned on your bank accounts in the U.S., do you need to file French Tax Returns? What is the threshold?

Maybe a little late to ask this question but I've been having difficulty finding an answer. We are considering moving to France. We own a house in the US. Not sure if it would be better to sell the house before moving to France or hanging onto it and renting it out. If we rent it, we would have a home to return to if the French adventure didn't work out. My question is what are the tax implications in France (if any) of the capital gains from selling the house (not taxable in the US but maybe it would be in France?) vs. receiving the rental income while being tax residents in France? Thanks for all the research you have done! I know it can be a real headache.

Thank you for this very informative video. I have a question: I understand that US retirees living in France are prohibited from working. But what about minor independent freelance work, such as possible profits derived from having a RU-vid channel?

France gives you credit not the USA is a joke, tax laws are different and treated differently. You need to look into the Fatca/Fincen laws with a tax expert on both countries if planning to move here. Lots of Americans have renounce their citizenship due to this abuse! I was audit 3 times by the IRS and I am just an office worker! Beat them all the time as was an H&R Block graduate tax preparer otherwise would have been hell. Got help from the Tax Advocate Service office, the IRS is gestapo kgb all in one. I end up renouncing my citizenship and now I am FREE !! Vive la France !!

@Postcards From My Golden Years - do you have to pay taxes on U.S capital gains ? As you know, the first 40k for singles and the first 80k for couples is not taxed in the U.S . Will France tax that ?