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Version du 31 octobre 2024 à 23:38
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The old adage is crime doesn't pay, only one certainly can wonder sometimes about the truth of it given the number of politicians that seem to be criminals! Regardless, the fact you are making money from against the law doesn't mean you don't have to pay taxes. That's right. The IRS wants its unfair share of your ill gotten gains!
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If buy a national muni bond fund your interest income will be free of federal taxation's (but not state income taxes). In case you buy scenario muni bond fund that owns bonds from household state this interest income will be "double-tax free" for both federal assuring income irs.
The increased foreign earned income exclusion, increased income tax bracket income levels, and continuation of Bush era lower tax rates are excellent news for many of American expats. Tax rules for expats are specialized. Get the professional help you really have to file your return correctly and minimize your Ough.S. tax.