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March 2, 2025
Question

Should I get a Foreign Tax Credit if I received income and paid tax in Mexico on a bonus payment even though I didn't work there in 2024?

  • March 2, 2025
  • 1 reply
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    1 reply

    March 2, 2025

    if you received payment that was included in your taxable income in 2024 and paid foreign income taxes on it in 2024 you should get a tax credit for it. how much depends on various factors. If you used the foreign earned income exclusion you are not entitled to the credit.