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Aktuelle Version vom 4. September 2026, 15:56 Uhr


A credit is allowed for foreign income taxes paid or accrued. The finance is limited to that particular part of You.S. tax due to foreign source income. It's not at all refundable, but any excess credit the carried to other years to reduce tax. Contributing an insurance deductible $1,000 will lower the taxable income in the $30,000 per annum person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 each person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost twice as much!

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