Re: Understanding Tax and other outgoings - Texas
Originally Posted by Steerpike
(Post 9892225)
I use the analogy of 'foreign tax credit'; some mutual funds I own invest a small amount in foreign countries, and pay a small amount of foreign tax. I'm allowed to take credit for that tax. The whole thing ends up saving me about $5 each year but takes me HOURS of research to find the right info to pop into the form.
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