Labor & Taxes
Back to School in Portugal? For American Families, College Planning Starts Sooner Than You Think
Living in Portugal as an American family can complicate U.S. college planning, specifically regarding in-state tuition eligibility, U.S. federal financial aid calculations, and the tax treatment of 529 savings plans in Portugal. Additionally, using U.S. tax-advantaged accounts for European universities requires the institution to meet specific U.S. eligibility criteria.
Why it matters
If you are an American family living in Portugal, you may face unexpected tax and financial aid hurdles when planning for your children's university education; consult a cross-border tax specialist early to avoid tax liabilities on 529 withdrawals or loss of eligibility for U.S. aid.The Portugal NewsRead original ↗
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