How the Foreign Tax Credit Prevents Double Taxation in 2026

If you own foreign stocks or work abroad, the IRS wants its cut. But so does the foreign government. That's where the Foreign Tax Credit comes in — a provision that lets you offset taxes paid to other countries against your U.S. tax bill. In this episode, Lucas and Luna walk through how the credit works, who qualifies, and where the strategy gets tricky. They break down the difference between the credit and the deduction, explain the per-country vs. overall limitation, and highlight the carryforward rules for 2026. They also touch on how this interacts with the standard deduction and the alternative minimum tax. If you hold international ETFs, have a foreign employer, or are a U.S. expat, this episode gives you the concrete numbers and filing tips to avoid double taxation. #ForeignTaxCredit #DoubleTaxation #InternationalInvesting #USExpatTax #TaxStrategy #IRS #Finance #FexingoBusiness #BusinessPodcast #TaxPlanning #ForeignTax #Form1116 #AMT #TaxCredit #PassiveIncome #ForeignStock #ETFTax #Carryforward Keep every episode free: buymeacoffee.com/fexingo