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Latest revision as of 01:07, 12 November 2024

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Contributing a deductible $1,000 will lower the taxable income for this $30,000 a year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For the $100,000 yr person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double!

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The second way through using be overseas any 330 days each full twelve month period from countries to countries. These periods can overlap in case of an incomplete year. In this particular case the filing due date follows the completion of each full year abroad.

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