Does foreign tax credit carried over from 2023 pay for any taxes I owe in 2024?

[hgibson]

Ie I have over 10,000 in foreign tax credit carried over from 2023 and I owe 120 on this year's taxes. Does the credit pay for taxes I owe in 2024? Or how does the foreign tax credit carry over work?

[SusanY1]

The foreign tax credit carryover only lowers tax on foreign income.  If the $120 of the tax you owe (or any portion of it) is due to foreign-sourced income then the foreign tax credit would help to reduce the tax due.  

it does not reduce tax due on US-sourced income.