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2026-08-25T12:21:05Z

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A credit is allowed for foreign income taxes paid or accrued. The money is limited for that part of Ough.S. tax due to foreign source income. It's not refundable, but any excess credit the carried to other years to reduce tax.

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2026-08-21T17:36:40Z

Created page with " A credit is allowed for foreign income taxes paid or accrued. The money is limited for that part of Ough.S. tax due to foreign source income. It's not refundable, but any excess credit the carried to other years to reduce tax. There's an improvement between, "gross income," and "taxable income." Gross income is just how much you actually make. taxable income is what the government bases their taxes totally from. There are plenty of anyone can subtract from you..."

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Cedric4548 at 12:21, 25 August 2026