Tuesday, February 14, 2012
I have been living in the USA main land since September. I was living in Puerto Rico and paying taxes there. Now I generated 2/3 of my income in Puerto Rico and the other 1/3 in the USA. I am trying to decide what will be more beneficial to open an IRA in Puerto Rico and deduct the IRA for the Puertorican taxes there, or open the IRA here and deduct it from the federal taxes here.|||who has the highest tax rate? You should deduct it from whichever has the highest tax rate.
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