What is the Foreign Tax Credit and how can I use it?

U.S. expats who pay tax in a foreign country can apply a foreign tax credit towards their U.S. tax bill. Learn more about the Foreign Tax Credit, how it works compared to the Foreign Earned Income Exclusion (FEIE), and when you should use it.

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U.S. expat taxes can be reduced significantly with the right use of credits, deductions and exclusions that ensure that Americans and green card holders abroad don't pay twice. The Foreign Tax Credit is one important tool, together with the better known Foreign Earned Income Exclusion.

In this Q&A series Vincenzo Villamena, CPA and owner of Online Taxman, answers common questions about expat taxes for individuals and business owners. Follow our channel for the latest updates: https://www.youtube.com/channel/UCh0VjGWWS_fMx3E_97baeQQ

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