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Revision as of 04:01, 5 October 2024

Families are usually considered for you to become poor or low income are given assistance from earned income credit, or EIC. The EIC is a tax credit that helps such families with low earnings to keep a better standard of living. An EIC can translate in to a tax refund of about $400 and $4,500. This review will let you know that you can figure out if you are eligible for the EIC.

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Julie's total exclusion is $94,079. American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. financial.

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