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Families which are considered to get poor or low income are given assistance through the earned income credit, or EIC. The EIC is often a tax credit that helps such families with low earnings to keep a better standard of living. An EIC can translate in tax refund of around $400 and $4,500. Residing in will explain how you can figure out if you are entitled for the EIC.

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If buy a national muni bond fund your interest income will be free of federal taxation (but not state income taxes). Inside your buy a state muni bond fund that owns bonds from your home state this interest income will likely be "double-tax free" for both federal assuring income .

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The second way is actually by be overseas any 330 days in each full twelve month period on foreign soil. These periods can overlap in case of a partial year. In this particular case the filing due date follows the completion of each full year abroad.

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