Use Tax Form 1116: Foreign Tax Credit as a stand alone tax form calculator to quickly calculate specific amounts for your 2023 tax return. Form 1116: Foreign Tax Credit is also integrated into our comprehensive US Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.
Foreign Tax Credit
Note: If you paid taxes to only one foreign country or U.S. possession, use column A in Part I and line A in Part II. If you paid taxes to more than one foreign country or U.S. possession, use a separate column and line for each country or possession.
Part I. Taxable Income or Loss From Sources Outside the United States (for Category Checked Above)
Foreign Country or U.S. Possession
Total (Add cols. A, B, and C.)
A
B
C
g
1a
1a
b
▸
Deductions and losses (Caution: See instructions.):
2
3
a
b
c
d
e
f
g
4
a
b
5
6
6
7
7
Part II. Foreign Taxes Paid or Accrued (see instructions)
County
Credit is claimed for taxes (you must check one)
Foreign taxes paid or accrued
In foreign currency
In U.S. dollars
Taxes withheld at source on:
Taxes withheld at source on:
A
B
C
8
Part III. Figuring the Credit
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
18
18
19
19
20
20
21
21
22
22
Part IV. Summary of Credits From Separate Parts III (see instructions)
23
23
24
24
25
25
26
26
27
27
28
28
29
29
30
30
Tip: use the US Tax Calculator to edit your refundable and non-refundable tax credits including Form 1116: Foreign Tax Credit. Complete, Calculate, print and or save your tax calculation for later use.