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Get your taxes done using TurboTax
@Plidskog wrote:
Thanks for your response. It is likely that the foreign tax paid will be higher than the US tax liability. Can I get a credit larger than the US tax liability?
No, you can't get a refund from the US if the other country charges more. If the foreign tax is $20,000 and the US tax on the same income would be $15,000, the maximum credit on your US tax return would be $15,000.
‎November 16, 2022
9:15 AM