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Version vom 17. Mai 2026, 00:31 Uhr


A credit is allowed for foreign income taxes paid or accrued. The money is limited certain part of Ough.S. tax due to foreign source income. It's not at all refundable, but any excess credit the carried to other years to reduce tax.

If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your earnings tax bill is gonna be approximately 3,000 dollars.

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