Tax bracket for quantities over allowance for US citizen living abroad
Tax bracket for quantities over allowance for US citizen living abroad If i recall correctly, max tax free allowance is ~$225K for a married couple if they are tax resident of a foreign country. If i make $300K, how is that extra $75K being taxed (i.e. what tax bracket) ? Additionally, if same person collects interest from CD/HYSA accounts, say $10K, how is this W9 being treated? taxed at the same rate as a $300K s...