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

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Make sure you are aware of the exemptions related to the merge. For example, municipal bonds are generally exempt from federal taxes, and in a position to exempt from state and native taxes in the case you are often a resident belonging to the state.

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