A credit is allowed for foreign income taxes paid or accrued. The financing is limited compared to that part of You.S. tax due to foreign source income. It is far from refundable, but any excess credit the carried to other years to reduce tax.
Julie's total exclusion is $94,079. On her 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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A credit is allowed for foreign income taxes paid or accrued. The financing is limited compared to that part of You.S. tax due to foreign source income. It is far from refundable, but any excess credit the carried to other years to reduce tax.
Julie's total exclusion is $94,079. On her 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.
...
0 المشاهدات
0 الإعجابات