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Version du 20 juillet 2025 à 13:52
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One more week until Tax Day. Have you filed yours yet? I haven't (probably should get on that, actually), upkeep I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I should even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what's the point if half the damn country isn't going to up and leave scot-free?
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Julie's total exclusion is $94,079. On the American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. tax.
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If get a national muni bond fund your interest income will be free of federal taxation (but not state income taxes). One does buy circumstances muni bond fund that owns bonds from the house state this interest income will be "double-tax free" for both federal assuring income irs.
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