US tax tax knowledge

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Six reasons why the U.S. Embassy refuses to issue immigrant visas

1. Economic reasons

2 .Political reasons and violation of immigration regulations

3. Criminal reasons

4. Application procedures reasons

5. Moral reasons< /p>

6. Physiological and medical reasons

U.S. taxation knowledge

U.S. taxation standards

U.S. taxation standards are applicable to all U.S. citizens. Green card holders are taxed on their worldwide income. But there is no double taxation. U.S. citizens and green card holders are required to declare personal income tax to the United States regardless of whether they live in the United States or how many times they have entered and exited the United States.

Types of tax forms

There are two types of tax forms in the United States: Standard Deductions and Itemized Deductions.

Taxpayers are free to choose the form that is most suitable for them to file their returns, or they can change it every year. The standard deduction is applicable to taxpayers with a relatively single source of income, or those with no income or property. For example, students, etc. Each year, depending on your tax filing status, there is a standard deduction that can be deducted from your total income. Most taxpayers will choose to itemize their deductions because there are many items and amounts that can be deducted from their total income.

Five identities for filers to file

U.S. tax filers can file in five identities. Single, Head of Household, Qualifying Widow or Widower, Married Filing Jointly, or Married Filing Sepertly Form declaration.

If a tax filer meets more than one status, he or she is free to choose the tax filing status that results in the lowest tax to declare income tax. Green card holders must declare their income for the year, because annual declaration is a necessary condition to maintain status. Filing a declaration does not mean you have to pay high taxes. American taxation is relatively user-friendly. Many expenses can be deducted from income, and many incomes can also be exempted from tax. There are also some expenses that can be directly deducted from the income tax that needs to be paid to achieve the purpose of tax avoidance.

U.S. immigration experts said that it is very necessary for those who successfully apply for U.S. immigration status to know and understand the U.S. tax system in advance. Only by knowing the U.S. tax system can we avoid loss of profits.

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