Difference between revisions of "Offshore Business - Pay Low Tax"
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Revision as of 06:14, 22 October 2024
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In addition, an American living and dealing outside america (expat) may exclude from taxable income your income earned from work outside united states. This exclusion is two parts. The main exclusion is fixed to USD 95,100 for your 2012 tax year, in addition, it USD 97,600 for the 2013 tax year. These amounts are determined on a daily pro rata cause for all days on that the expat qualifies for the exclusion. In addition, the expat may exclude the quantity he or she taken care of housing in the foreign country in an excessive amount of 16% within the basic difference. This housing exclusion is tied to jurisdiction. For 2012, industry exclusion could be the amount paid in far more than USD 41.57 per day. For 2013, the amounts around USD 49.78 per day may be ignored.
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