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Revision as of 13:26, 7 January 2025

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10% (8.55% for healthcare and single.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), which is less than both currently pay now ($1,131.93 $7,887.10 = $9,019.03 my share and $1,131.93 $8,994 = $10,125.93 my employer's share). For my wife's employer and her is $6,204.41 ($785.71 my wife's share and $785.71 $4,632.99 = $5,418.70 her employer's share). Lowering the amount in order to a or even.5% (2.05% healthcare 1.45% Medicare) contribution per for a complete of 7% for low income workers should make it affordable each workers and employers.

The increased foreign earned income exclusion, increased tax bracket income levels, and continuation of Bush era lower tax rates are all good news several American expats. Tax rules for expats are sophisticated. Get the specialized help you need to file your return correctly and minimize your U.S. tax.

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