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Revision as of 11:38, 12 May 2026

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Congress finally acted on New Year's Day, passing the "fiscal cliff" rule. This law extended the existing tax rate structure for single taxpayers with taxable income of less than USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For having higher incomes, the top tax rate was increased to 40.6% These limits are determined before the foreign earned income exemption.

Of course to avoid having move through all of the this, please keep your earnings tax papers in a good location where you're rrn a position to retrieve them when you need them.

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