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Example: Mary, an American citizen, is single and lives in Bermuda. She earns a salary transfer pricing of $450,000. Part of Mary's income will be subject to U.S. income tax at the 39.6% tax rate.

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If a married couple wishes obtain the tax benefits of the EIC, they must file their taxes at the same time. Separated couples cannot both claim their kids for the EIC, to will need decide who will claim folks. You can claim the earned income credit on any 1040 tax construct.

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