International

Form 1116: Foreign Tax Credit

Used to claim a credit for income taxes paid or accrued to a foreign country or U.S. possession, reducing the U.S. tax on foreign-source income.

Download Form 1116 PDFAbout on IRS.govInstructions PDF

Who Files This Form?

U.S. taxpayers who paid or accrued foreign income taxes and want to claim a credit against their U.S. tax liability.

Key Fields

  • Foreign country
  • Category of income
  • Foreign taxes paid/accrued
  • Foreign source taxable income
  • Foreign tax credit limitation

Filing Deadlines

Due Date

April 15

With Extension

October 15

Late Filing Penalty

Filed with Form 1040; no separate penalty, but failure to file may result in loss of the foreign tax credit.

Related Forms

Form 1040

U.S. Individual Income Tax Return

Form 2555

Foreign Earned Income

Schedule 3

Additional Credits and Payments

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