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Get your taxes done using TurboTax
@MWH2 the computation method, I believe is approved by the IRS , so I do not know if there is anything to be done about it. What I am talking about is that while the excluded income is added to the rest of the world income , (thus pushing one to a higher marginal bracket ), the tax on the excluded amount is computed as if that was the total amount -- thus reducing the effect of the exclusion. To my mind this puts the taxpayer at a disadvantage. Unless taxpayers complain about this , nothing will be done by the IRS and therefore by the tax prep. industry. Sorry.
Is there more I can do for you ?
pk
‎February 25, 2024
3:10 PM