How much should someone declaring 60,000$ on foreign income should expect to pay?

[lifeisahobby]

Hi, how much should someone married, declaring 60,000$ on foreign income (from a country without a treaty) expect to pay on income tax? Thanks. Is it possible to connect here with someone who is an expert on the matter? Thanks. 

[ThomasM125]

You could determine what your marginal federal tax bracket is and apply that rate to the $60,000 to determine the probable increase in your tax due to the foreign income.  Here is a link to the bracket tables: Federal tax brackets I'm assuming you have entered your other income in TurboTax. If you mean your total income is $60,000, you would subtract from the $60,000 a standard deduction of $27,700 in 2023 for married-filing joint to estimate your taxable income.

You'll need your taxable income to use in the tables, you will see that on line 15 of your Form 1040.

To view your form 1040 and schedule 1 to 3:

1. Choose Tax Tools from your left menu bar in TurboTax Online
2. Choose Tools
3. Choose View Tax Summary
4. See the Preview my 1040 option in the left menu bar and click on it
5. Choose the Back option in the left menu bar when you are done 

[lifeisahobby]

Thanks so much for your reply, also, if this person became residente on october 10th 2023, should he declare his whole income on 2023, or only after oct 10th 2023. Dear Thomas, this person hasnt prepared his taxes yet, is there a possibility you can give a quote to file the taxes for this person? Thanks so much, 

[DaveF1006]

To clarify, did the resident live in the US for the full year in 2023?  If so, he may file as a resident alien for the entire year on a 1040 resident return. If he lived in a foreign country in 2023 prior to coming to the the US in Oct, he would need to file as a dual-status alien.

We are not allowed to solicit business on our own but Turbo Tax Online has a full-service tax preparation feature that will prepare your taxes.

@lifeisahobby