Follow @USApostille
![]() Our Videos |
FAQ / I am a U.S. citizen living and working overseas. Can I have a tax credit on my U.S. taxes for the taxes I pay to the foreign country?The foreign tax credit is intended to relieve U.S. taxpayers of the double tax burden when their foreign source income is taxed by both the United States and the foreign country from which the income is derived. Generally, only income taxes paid or accrued to a foreign country or a U.S. possession qualify for the foreign tax credit. You can choose to take the amount of any qualified foreign taxes paid or accrued during the year as a foreign tax credit or as an itemized deduction. To choose the foreign tax credit you must generally complete Form 1116 (PDF), Foreign Tax Credit, and attach it to your Form 1040 (PDF). You may claim credit without attaching Form 1116 if all of your foreign source income is passive income (such as interest and dividends) reported to you on qualified payee statements and the total amount of qualifying foreign taxes you paid or accrued is not more than $300 ($600 in the case of a joint return) and is also reported to you on these qualified payee statements. To choose the deduction, you must itemize deductions on Form 1040, Schedule A (PDF). You may not take either a credit or a deduction for taxes paid or accrued on income you exclude under the foreign earned income exclusion or the foreign housing exclusion. There is no double taxation in this situation because the income is not subject to U.S. tax. Keywords: foreign tax, double taxation, |
Do you need
We do Retrieval, Preparation and Legalization.
Power of attorney
Vital records
Birth certificate
Marriage Certificate
Single Status Affidavit
No Record of a Marriage
Certificate of No Marriage Record
Divorce Certificate
Divorce Decree
Death certificate
Criminal Record
Certificate of good conduct
Criminal Background Check
Foreign Driver License
Documents for transportation of the Deceased
Children's Travel Consent Letter
Evaluation of Foreign Education Credentials for US
Letter of Invitation for USA Visa
Documents for Avoiding Double Taxation
|
TestimonialsJohn BeacleayJust wanted to say thanks again for all your help Anton. I mean it's really amazing to me that yo... As a foreigner, I needed a certified translation, so I called the DOE to give me a list of the ce... |
FAQHow do I Know Which Countries are Convention Countries?Read More » Will ICE be adding new degrees to the STEM Designated Degree Program List during the comment period? Read More » I want my fiance (fiancee) to come to the United States to marry me. I know that I have to file I-129F, Petition for Alien Fiance (e), so my fiance (fiancee) can get a K-1 Fiance (e) visa. Read More » What document can an F-1 student applying for a 17-month STEM extension show his or her employer when completing the Form I-9? Read More » |
Quick Menuapostille Alaskaapostille Dominican Republic apostille Saint Lucia Death certificate apostille Papua New Guinea apostille Maldives apostille Cyprus apostille Suriname apostille Netherlands Antilles apostille Montenegro apostille Pennsylvania apostille Ireland apostille Eritrea apostille Bangladesh apostille China (Macau SAR) apostille Yugoslavia |
NewsJuly 14, 25YouTube star obtains fake death certificate to get airline refund Read More » July 9, 25 Actor Michael Madsen died from heart failure-death certificate Read More » July 7, 25 US deports Asian and Latin American men with criminal records to South Sudan Read More » July 3, 25 TX woman arrested after convincing pastor to certify fake marriage certificate Read More » |