A Very Good Taxes - Part 1: Difference between revisions

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Revision as of 05:38, 8 January 2025

A credit is allowed for foreign income taxes paid or accrued. The credit is limited certain part of U.S. tax due to foreign source income. It isn't refundable, but any excess credit can be carried to other years to reduce tax.

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Defer or postpone paying taxes. Use strategies and investment vehicles to put off paying tax now. Do not pay today any kind of can pay tomorrow. Give yourself the time use of your money. They you can put off paying a tax granted you are reinforced by the use of one's money towards your purposes.

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