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Version du 14 mai 2026 à 21:28

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A credit is allowed for foreign income taxes paid or accrued. The credit is limited to that particular part of Oughout.S. tax due to foreign source income. It's not refundable, but any excess credit may be carried to other years to reduce tax.

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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your income tax bill is destined to be approximately 3200 dollars.

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