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• 01:55, 29 October 2025 PamelaWatriama7 talk contribs created page Smart Income Tax Saving Tips (Created page with "<br>A credit is allowed for foreign income taxes paid or accrued. The credit is limited compared to that part of You.S. tax due to foreign source income. It's not at all refundable, but any excess credit could be carried to other years to reduce tax.<br><br>Depreciation sounds like an expense, but it can be generally a tax selling point of. On a $125,000 property, for example, the depreciation over 27 and one-half years comes to $3,636 each. This is a tax break. In the e...")