Can I Wipe Out Tax Debt In Bankruptcy: Difference between revisions
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Revision as of 15:06, 7 January 2025
Families that are considered to get poor or low income are given assistance through the earned income credit, or EIC. The EIC is often a tax credit that helps such families with low earnings to accomplish a better standard of living. An EIC can translate in to a tax refund of which range from $400 and $4,500. This review will explain how you can figure out if you are entitled for the EIC.
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Julie's total exclusion is $94,079. On the 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. cask.
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