Tax Guide: Mexico to US
Moving from Mexico to the US has significant tax implications. Here's what to know.
Key Differences
No state income tax in Texas! This is a major advantage. You'll only pay federal income tax.
The US taxes worldwide income for residents and citizens. If you maintain income sources in Mexico, you'll need to report them.
Mexico-US Tax Treaty
The treaty helps avoid double taxation. If you pay taxes in one country, you generally get credit in the other.
Important Dates
US tax filing deadline: April 15. If you have foreign accounts over $10,000, you must file an FBAR (Foreign Bank Account Report).
Get Help
Work with a CPA who understands cross-border taxation. The GHCC can recommend bilingual tax professionals in Austin.