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- 06:15, 8 January 2026 ShermanR72 talk contribs created page Car Tax - Do I Need To Avoid Having (Created page with "<br>A credit is allowed for foreign income taxes paid or accrued. The money is limited to that part of You.S. tax due to foreign source income. It is far from refundable, but any excess credit could be [https://www.accountingweb.co.uk/search?search_api_views_fulltext=carried carried] to other years to reduce tax.<br><br>Conversely, earned income abroad, and a second income from foreign securities, rental, or stuff abroad, could be excluded from U.S. taxable income, or fo...")