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2. Foreign earned income exclusion - Wikipedia

   en.wikipedia.org/wiki/Foreign_earned_income...

   The maximum exclusion is $130,000 for tax year 2025 (future years indexed for inflation). [3] The amount of exclusion that a taxpayer is entitled to is equal to the lesser of foreign earned income for the year or the maximum exclusion, divided by the total number of days (365 or 366) in the year times the number of "qualifying days".

3. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   Schedule M (2009 and 2010) was used to claim the Making Work Pay tax credit (6.2% earned income credit, up to $400). [7] Schedule R is used to calculate the Credit for the Elderly or the Disabled. Schedule SE is used to calculate the self-employment tax owed on income from self-employment (such as on a Schedule C or Schedule F, or in a ...

4. Bona fide resident test - Wikipedia

   en.wikipedia.org/wiki/Bona_fide_resident_test

   The bona fide residence test, like the physical presence test, comprises one way that an individual can qualify for the foreign earned income exclusion from United States income tax. In order to qualify for the bona fide residence test, an individual needs to reside in a foreign country for an uninterrupted period that includes an entire tax year.

5. Do I Need to Report Foreign Income on My Taxes? - AOL

   www.aol.com/required-report-foreign-income-taxes...

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6. Tax Increase Prevention and Reconciliation Act of 2005

   en.wikipedia.org/wiki/Tax_Increase_Prevention...

   The provision increases the Foreign Earned Income Exclusion (FEIE) and advances the inflation-adjustment provision that was set to begin in 2008. However, the Act also includes a "stacking provision" that requires the FEIE to be excluded against the lowest tax brackets first.

7. Foreign Tax Credit vs. Deduction: Which Could Get You ... - AOL

   www.aol.com/finance/foreign-tax-credit-vs...

   The post Pros and Cons of Taking a Foreign Tax Credit vs. Deduction appeared first on SmartReads by SmartAsset. For U.S. citizens with foreign income, knowledge of foreign tax credits and ...