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Is foreign tax refund taxable in the US?

Forum|Forum|4 years ago
March 3, 2022
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I received a Foreign tax refund during 2021. This is actually a tax overpayment during previous years. Is this considered as income in the US and needs to be shown in my 2021 tax return?

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Best answer by ThomasM125

A foreign income tax refund would not be taxable on your US tax return. If you used the foreign tax to qualify for a foreign tax credit in a prior year, however, you may need to amend the return where you claimed the credit to reflect the refund.

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ThomasM125Answer

A foreign income tax refund would not be taxable on your US tax return. If you used the foreign tax to qualify for a foreign tax credit in a prior year, however, you may need to amend the return where you claimed the credit to reflect the refund.

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