Learn About Exactly How A Tax Attorney Works: Difference between revisions

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(Created page with "There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and supply of the salary or fee payment. Foreign residency or extended periods abroad among the tax payer is often a qualification to avoid double taxation.<br><br>I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) in a 401k, making my federal income taxa...")
 
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Revision as of 00:52, 16 September 2024

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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your earnings tax bill is only going to be approximately 3,000 dollars.

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