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The IRS has set many tax deductions and benefits instead for citizens. Unfortunately, some taxpayers who are earning a advanced level of income can see these benefits phased out as their income increases.
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Basic requirements: To be qualified for the foreign earned income exclusion to your particular day, the American expat own a tax home a single or more foreign countries for day time. The expat will need to meet certainly two investigations. He or she must either be considered a bona fide resident of your respective foreign country for a period of time that includes the particular day using a full tax year, or must be outside the U.S. any kind of 330 of any consecutive one year that include the particular daily schedule. This test must be met for every day where the $250.68 per day is described. Failing to meet one test or the other for the day world of retail day's $250.68 does not count.
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