Uploaded December 2025 | Updated September 2026, 2 weeks ago

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This short clip from our Expats Portugal Online Town Hall explains how US 401k withdrawals are taxed when you live in Portugal under NHR — and how to avoid paying tax twice.

Our tax expert clarifies why Portugal considers a 401k a pension, why it’s taxable only in Portugal under the tax treaty, and why the solution for double taxation happens on the US side, through the Foreign Tax Credit. Essential viewing for US citizens living in Portugal or planning to retire here.

👉 Watch the full Town Hall episode for the complete discussion on Portugal tax rules, NHR, pensions, and expat financial planning:
youtube.com/live/iLqhuM7Eo3U

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expatsportugal.com/services

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