Moore
If you are working remotely for a foreign employer while residing here, your income will generally be treated similarly to regular employment income. This means you’ll need to declare your salary on your tax return. Even though your employer is based abroad, the income is still considered taxable as long as you reside here.
However, there might be additional considerations. For example, if your employer does not deduct any local taxes from your salary, you might need to make estimated tax payments throughout the year to avoid any penalties. Also, if you’re working in a freelance capacity rather than as a direct employee, this income might be classified as self-employment income, which could affect how it’s taxed and what deductions you can claim. Make sure you track all relevant documentation, such as payment receipts and contracts, to properly report this income.
