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Congress finally acted on New Year's Day, passing the "fiscal cliff" regulation. This law extended the existing tax rate structure for single taxpayers with taxable income of lower than USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For individuals with higher incomes, the top tax rate was increased to 40.6% These limits are determined ahead of when the foreign earned income exclusion transfer pricing .

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Muni bonds should be owned in your taxable brokerage accounts, and in your IRA or 401K accounts because income in those accounts is already tax-deferred.

Copyright 2010 by RioneX IP Group LLC. All rights booked. This material may be freely copied and distributed subject to inclusion of these copyright notice, author information and all the hyperlinks are kept complete.