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• 07:06, 5 February 2025 WilliamsCorbo6 talk contribs created page Crime Pays But Experience To Pay Taxes For It (Created page with "A credit is allowed for foreign income taxes paid or accrued. The finance is limited to that part of U.S. tax due to foreign source income. It's not at all refundable, but any excess credit could be carried to other years to reduce tax.<br><br>A personal exemption reduces your taxable income so you end up paying lower taxes. You may well be even luckier if the exemption brings you to be able to lower income tax bracket. For the year 2010 it is $3650 per person, equal to...")