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What You Need to Know About The Proposed Tax Bracket Changes For 2022
The United States has a progressive tax system, which means that taxpayers are taxed at different rates depending on their income level. The current tax brackets are 10%, 15%, 25%, 28%, 33%, 35%, and 37%. For the tax year 2021, the income thresholds for each tax bracket are: * 10% bracket: $0 to $9,875 for…
Tax Related Identity Theft
Identity theft occurs when a piece of your personal information is stolen and used to commit fraud. If your data is accessed, it could be used to open new accounts, make unauthorized purchases, or file taxes for a fraudulent refund. The IRS may reach out to you via mail should there be any suspicious activity…
How Can Expatriates Save on Taxes?
Penalties are the most common reason that expatriates pay more in taxes. An experienced tax professional can help you get into the best situation without paying unnecessary fines. Missing a form or a signature can cost you, so working with a professional like Expatriate Tax Returns can help you in the long run. Pay attention to…
Tax Implications and Strategies
The increasing trend of digital nomadism has reshaped how and where people work, with more professionals choosing to live and work across multiple countries. This lifestyle shift brings significant tax considerations for expatriates, particularly in how they manage their tax liabilities across different jurisdictions. Understanding Your Tax Obligations: Digital nomads face complex tax scenarios. Depending…
