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Download & Install
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Getting Started
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Preparing My Taxes
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  - 2012 Tax Law Changes: We've Got You Covered!
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  - 2012 Tax Law Changes: We've Got You Covered!
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What is the foreign tax credit?

Updated: 1/16/2013

Article ID: IAS10219

The foreign tax credit can reduce the amount of U.S. income tax you owe on money you earned from a foreign source. You must have paid, or owe, taxes on income from a foreign source that is also subject to U.S. income tax.

To claim the credit, you must be a U.S. citizen or resident alien. Nonresident aliens as full year residents of Puerto Rico also qualify.

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