I am a US citizen, and moved to HK about 3 months ago. I joined an US based ibank as a Hk local employee. However, each paycheck that I get, i am getting taxed for US Medicaid, and US Social Security tax (about 8% total)... HR told me it is b/c i am a citizen, and US based company needs to tax me on those 2 items..
Are all the US citizens working for a US based company in a foreign country required to pay those 2 items while working aboard?
At next April, when I file my US tax return, will the medicaid / ss tax be part of the taxes that I have paid, and I might qualify for a tax refund after all the bonifide, housing, foreign tax credit?
I asked an account from deloitte, they said those taxes are non-refundable, and its basically, you pay them, its gone type of deal... is it true?
Or, is there any way i can NOT pay those taxes at each check now?