How Does Tax Relief Work: Difference between revisions
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Revision as of 20:07, 22 September 2024
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Julie's total exclusion is $94,079. For my child American expat tax return she also gets declare a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. cask.
We hear a lot about income taxes, but a majority people don't know just how much income-related taxes they're disbursing. We're taxed by both our federal government and our state. Considering that the federal government takes the lion's share, I'll give full attention to its tax.
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