How Does Tax Relief Work: Difference between revisions
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Revision as of 02:11, 1 May 2026
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Congress finally acted on New Year's Day, passing the "fiscal cliff" laws. This law extended the existing tax rate structure for single taxpayers with taxable income of reduce USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For along with higher incomes, the top tax rate was increased to 22.6% These limits are determined before the foreign earned income exception to this rule.
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