Search Results for: child tax credit
What is the Child Tax Credit?
Do I have to file a US tax return➥ Child Tax Credit Refund 2021 CHILD TAX CREDIT CALCULATOR You must have resided in the U.S. for 6-months during 2020 to be eligible for the “EXTRA” amount As you have dependents, your filing status will be Head of Household. If you’re married to an American or […]
Child and Dependent Care Tax Credit When Living Abroad
Child and Dependent Care Tax Credit When Living Abroad
Accidentally Put Wrong Address on US Tax Return When Living in the UK
Accidentally Put Wrong Address on US Tax Return When Living in the UK Let’s face it, we all make mistakes, especially when it comes to the confusing world of tax filing. But what happens if, as a U.S. citizen living in the UK, you realize that you’ve put the wrong address on your U.S. tax […]
Are Students Taxed in the UK?
Are Students Taxed in the UK? If you’re currently residing in the UK and you happen to be studying at a university or college, you might want to know if students are taxed in the UK. Let’s take a look at whether or not students in the UK are taxed and what exactly this means […]
Tax Reform Act
Tax Reform Act What is the Tax Reform Act? The 1986 Tax Reform Act was a law passed by the US Congress with the goal of simplifying the income tax code. The Act reduced the maximum rate on ordinary income (the top marginal tax bracket income tax rates) and raised the tax on long-term capital […]
What is the Small Business Tax Rate in Canada?
What is the Small Business Tax Rate in Canada? Corporation tax is one of the biggest financial factors that determines whether businesses grow, remain stable or ultimately start to lose money. Most business owners in Canada cite the reduction of the corporation tax rate as being the largest win for their businesses. In 1971 there […]
Should I add my foreign spouse to my US tax return?
Should I add my foreign spouse to my US tax return? It’s an important question and the answer can differ depending on your individual circumstances. The decision on how to treat your foreign spouse for income tax purposes is an essential part of tax planning. We will cover what it means if your spouse has […]
What are Tax Treaties?
What are Tax Treaties? The US government has income tax treaties with various foreign countries to avoid double taxation. An income tax treaty is also called a Double Tax Agreement (DTA), or a totalization agreement. Under these treaties, residents of foreign countries can be taxed at a reduced rate or even be exempt from US […]
