President Donald Trump likes to say he’s bringing in trillions of dollars in investments from foreign countries.

To avoid double taxation, the Internal Revenue Service provides a foreign tax deduction and tax credit. Only foreign income tax qualifies for the tax credit, but you can claim foreign sales tax as ...

“Taken as a deduction, foreign income taxes reduce your U.S. taxable income,” the IRS said. But the IRS noted “in most cases, it is to your advantage to take foreign income taxes as a tax ...

New final regulations pose significant implications for possible income inclusions by U.S. corporations with foreign ...

GOP leaders hope to move it through the entire House by Memorial Day, and forward it on to the Senate for approval. Republicans aim to get it to Trump’s desk by their Fourth of July recess.

“A tax deduction reduces your taxable income ... 30% of the cost of property put into service in 2022 through 2032. Foreign tax credit. The foreign tax credit allows taxpayers to receive ...

On a federal level, the IRS doesn't offer a universal tax incentive for all renters. The foreign housing deduction is the closest thing to a federal deduction available for renters. So ...