A Status Taxes - Part 1: Difference between revisions

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Revision as of 05:13, 7 January 2025

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Congress finally acted on New Year's Day, passing the "fiscal cliff" legal guidelines. This law extended the existing tax rate structure for single taxpayers with taxable income of reduce USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For individuals with higher incomes, the top tax rate was increased to twenty.6% These limits are determined before the foreign earned income exemption transfer pricing .

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