GOP tax bill

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
sjantzi
Posts: 67
Joined: Wed Feb 20, 2013 11:44 am

GOP tax bill

Post by sjantzi »

Has there been any word on how this could effect 1040NR filers? By my calculations my taxes will go up about $2500, I hope I'm wrong
nelsona
Posts: 18314
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Well, what did you base your calcs on?

Loss of the personal and spousal exemption is about the only change that affects 1040NR. For Cdns, that really only means they will now have a bigger foreign tax credit.

It may also make more couples use XXV(2) to file.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
Post Reply