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Now, let's wait and watch if we are whittle that down some a great deal more. How about using some relevant tax credits? Since two of your babies are in college, let's feel that one costs you $15 thousand in tuition. Luckily tax credit called the Lifetime Learning Tax Credit -- worth up to two thousand dollars in instance. Also, your other child may qualify for something referred to as Hope Tax Credit of $1,500. Physician tax professional for essentially the most current advice on these two tax snack bars. But assuming you qualify, that will reduce your bottom line tax liability by $3500. Since you owed 3300 dollars, your tax is now zero income.

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The increased foreign earned income exclusion, increased income tax bracket income levels, and continuation of Bush era lower tax rates are excellent news for all your American expats. Tax rules for expats are specialized. Get the professional help you have a need to file your return correctly and minimize your You.S. tax.