Difference between revisions of "Top Tax Scams For 2007 Down To Irs"

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Latest revision as of 23:13, 22 September 2024

Despite the new tax rate reductions of your Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is a whopping 46.3%. Why? Because Social Security benefits are subject to income income tax. Those affected are Social Security recipients who include the good fortune (misfortune?) end up being subject to both the 25% tax bracket and also the 85% inclusion rate for Social Security benefits.

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The increased foreign earned income exclusion, increased tax bracket income levels, and continuation of Bush era lower tax rates are all good news for everyone American expats. Tax rules for expats are sophisticated. Get the a specialist you need to file your return correctly and minimize your You.S. tax.

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