WE intend to retire in Brazil in about 3 yeaars. WE live in Chicago. My wife is a citizen of Brazil and of the US. I am a US citizen.
An important consideration is taxes.
As Americans, even though we may reside permanently in Brazil one day, we will continue to pay Uncle Sam his due in income taxes.
I understand we will also need to pay Brazilian income taxes.
Could some one please let me know how that works?
Do we get credit from our Brazilian taxes for what we pay in the US?
Please share your knowledge and experience.
Thank you.