How To Deal With Tax Preparation: Difference between revisions

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In addition, an American living and outside the country (expat) may exclude from taxable income the income earned from work outside the united states. This exclusion is into two parts. Aid exclusion is restricted to USD 95,100 for that 2012 tax year, and in addition to USD 97,600 for the 2013 tax year. These amounts are determined on the daily pro rata cause for all days on that the expat qualifies for the exclusion. In addition, the expat may exclude first decompose . he or she already paid for housing in the foreign country in way over 16% with the basic different. This housing exclusion is restricted by jurisdiction. For 2012, real estate market exclusion is the amount paid in far more than USD 41.57 per day. For 2013, the amounts in excess of USD 40.78 per day may be overlooked.

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