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Latest revision as of 14:13, 23 January 2025

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Congress finally acted on New Year's Day, passing the "fiscal cliff" rules. 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 individuals with higher incomes, the top tax rate was increased to 40.6% These limits are determined foreign earned income difference.

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There is really a fine line between tax evasion and tax avoidance. Tax avoidance is legal while tax evasion is criminal. In order to pursue advanced tax planning, certain you you go with marginally of a tax professional that will to defend the way to the Interest rates.

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