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• 19:27, 5 January 2025 ElviraWarren8 talk contribs created page Tax Rates Reflect Way Of Life (Created page with "A credit is allowed for foreign income taxes paid or accrued. The loan is limited to that part of You.S. tax due to foreign source income. It's not at all refundable, but any excess credit may be carried to other years to reduce tax.<br><br>There's a difference between, "gross income," and "taxable income." Gross income is the amount you can certainly make. taxable income is what federal government bases their taxes totally from. There are plenty of anyone can subtract f...")