Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Conversely, earned income abroad, and second income from foreign securities, rental, or alternative abroad, can be excluded from U.S. taxable income, or foreign taxes paid thereon, used as credits against You.S. taxes due.

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I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) in a 401k, making my federal income taxable earnings $64,744.

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