Foreign taxes paid by individuals may be used as a current-year itemized deduction, or a tax credit.

Name: Foreign taxes paid by individuals may be used as a current-year itemized deduction, or a tax credit.
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Foreign taxes paid by individuals may be used as a current-year itemized deduction or as a tax credit against their U.S. federal income tax liability. Whether to take the deduction or credit depends on individual circumstances and which option provides the greater tax benefit.

Foreign Taxes Paid by Individuals May Be Used as a Current-Year