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| I'm trying to do my own US taxes using Turbo Tax. Does anyone know if contributions to National Pension, Unemployment Insurance, Personal Retirement (Tier 2), Accident and Sickness, etc. are subtracted to calculate adjusted gross income or can these be taken as a deduction even if not itemizing deductions?
Or, do these contributions not count towards reducing your overall US tax burden? It seems that they should as they are effectively the same as social security contributions, 401k contributions, etc.
I cannot find an obvious way in Turbo Tax for handling these. | |
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If I believe what the accountant did in my case, I don't think you can deduct any of that.
In my case, the only things she deducted are :
* Foreign Earned Income
* Housing Deduction (rents, utilities)
and nothing else....
And she added to my gross income something she called "swiss pension" which I think is some of the contribution to the 2nd pillar, because she said it is taxable by the US...
I am not too sure all this was really optimised
