Claim the Foreign Tax Credit (FTC) Guide for US Nomads and Expats скачать в хорошем качестве

Claim the Foreign Tax Credit (FTC) Guide for US Nomads and Expats

The Foreign Tax Credit (FTC) is a U.S. tax provision that allows taxpayers to reduce their U.S. federal income tax liability by the amount of income taxes they have paid to a foreign country or U.S. possession. It’s designed to prevent double taxation, which can occur when U.S. citizens or residents are taxed on the same income by both the United States and a foreign government. The FTC provides a dollar-for-dollar reduction of your U.S. tax liability, meaning every dollar you pay in eligible foreign taxes reduces your U.S. tax by the same amount, up to certain limits. Combined with the benefits of our domicile service, you can reap the rewards of greatly reduced tax payments. Learn more about our service and get 15% off with promo code YOUTUBE: https://savvynomad.io/ Join our Americans Abroad newsletter to stay informed about visas, taxes, residency, and cost of living: https://americansabroad.beehiiv.com/ Foreign Tax Credit (FTC): IRS Form 1116 https://blog.savvynomad.io/foreign-ta... Foreign Earned Income Exclusion in 2025: IRS Form 2555 https://blog.savvynomad.io/foreign-ea... U.S. tax guide for American nomads https://blog.savvynomad.io/us-digital... Disclaimer: this video is not tax or financial advice, and you should always consult an expert regarding your circumstances. #digitalnomad #expat #expatlife #taxes #tax #taxplanning