The Tax Benefits Of Real Estate Investing: Difference between revisions

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Latest revision as of 00:08, 4 March 2025

There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and the source of the salary or fee costs. Foreign residency or extended periods abroad of your tax payer can be a qualification to avoid double taxation.

For his 'payroll' tax as a staff he pays 7.65% of his $80,000 which is $6,120. His employer, though, must give the same 7.65% - another $6,120. So within the employee amazing employer, the fed gets 15.3% of his $80,000 which for you to $12,240. Keep in mind that an employee costs a company his income plus 6.65% more.

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The second way would be to be overseas any 330 days in each full 12 month period from countries to countries. These periods can overlap in case of a partial year. In this particular case the filing due date follows the completion of each full year abroad.

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