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Revision as of 22:19, 30 October 2024
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In addition, an American living and dealing outside the us (expat) may exclude from taxable income your income earned from work outside america. This exclusion is into two parts. Fundamental idea exclusion is bound to USD 95,100 for that 2012 tax year, and USD 97,600 for the 2013 tax year. These amounts are determined on a daily pro rata cause all days on that the expat qualifies for the exclusion. In addition, the expat may exclude the quantity he or she taken care of housing in a foreign country in way over 16% among the basic different. This housing exclusion is restricted by jurisdiction. For 2012, the housing exclusion will be the amount paid in overabundance USD 41.57 per day. For 2013, the amounts for upwards of USD 49.78 per day may be excluded.
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