How To Handle With Tax Preparation: Difference between revisions

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Latest revision as of 21:08, 31 January 2025

The IRS has set many tax deductions and benefits secure for people. Unfortunately, some taxpayers who bring home a high level of income can see these benefits phased out as their income increases.

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Julie's total exclusion is $94,079. For my child 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. charge.

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