Tag #Income Cap

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Japan to Raise Tax Deduction Cap for Dependents to $9,900

Japan's ruling parties will raise the income cap for tax deductions on dependents aged 19-22 to \$9,900 from \$6,800, potentially starting next year, as part of a deal with the opposition to pass a \$277 billion supplementary budget. This addresses concerns that the previous cap discouraged part-tim...

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