In computing the foreign tax credit, the greater of the foreign income taxes paid or the overall limitation is allowed.

Name: In computing the foreign tax credit, the greater of the foreign income taxes paid or the overall limitation is allowed.
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The foreign tax credit is limited to the lower of the foreign income taxes paid or the overall limitation, which is calculated based on the taxpayer's U.S. tax liability on their foreign taxable income.

In Computing the Foreign Tax Credit, the Greater of the Foreign