Note: The author is actually a CPA or tax professional. This article is for general information purposes, and might not be construed as tax details. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation.
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Julie's total exclusion is $94,079. On the American expat tax return she also gets declare a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. financial.
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This tax credit is easier to obtain if the a child, but it does not mean a person need to will automatically get they. In order to find the EIC on the basis of your child, the small child must be under eighteen years of age, under age twenty-four and currently taking post-secondary classes, or higher eighteen connected with age with disabilities tend to be cared for by a mum or dad.
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