Jackson Hewitt can help you determine whether or not you are eligible for certain tax credits. Our ProFiler® system, used at all Jackson Hewitt offices can identify potential credits you may be entitled to and our new offering, Jackson Hewitt Online utilizes your job title to determine available tax credits. Get all the credits you deserve now.
Foreign Tax Credit
If you paid income tax to a foreign
country on any type of income such as, interest, dividends, or wages you may be
eligible to claim either a credit or an itemized deduction for the taxes paid.
You can choose to either claim the taxes paid as a deduction when itemizing
deductions or you can claim a credit for the taxes paid. Generally, the foreign
tax credit results in a greater tax savings than deducting the foreign taxes as
an itemized deduction.