SS and Medicare Tax W/Held and Foreign Tax Credit

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Grad467_2
Posts: 27
Joined: Wed Apr 15, 2020 6:57 pm

SS and Medicare Tax W/Held and Foreign Tax Credit

Post by Grad467_2 »

I assume both are considered taxes thus, they should be included when calculating total US foreign taxes paid?
nelsona
Posts: 17014
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: SS and Medicare Tax W/Held and Foreign Tax Credit

Post by nelsona »

Yes, against the tax for wages.
I am taking my usual break from this site until May. Always too many tax-form specific questions at this time of year...
nelsona non grata. Non pro. Search previous posts. Happy Browsing :D
Grad467_2
Posts: 27
Joined: Wed Apr 15, 2020 6:57 pm

Re: SS and Medicare Tax W/Held and Foreign Tax Credit

Post by Grad467_2 »

nelsona wrote:
> Yes, against the tax for wages.

Thank you sir. Would State and city taxes be include also or simply, federal + Medicare + SS only?

Thanks once more.
Grad467_2
Posts: 27
Joined: Wed Apr 15, 2020 6:57 pm

Re: SS and Medicare Tax W/Held and Foreign Tax Credit

Post by Grad467_2 »

Grad467_2 wrote:
> nelsona wrote:
> > Yes, against the tax for wages.
>
> Thank you sir. Would State and city taxes be include also or simply, federal +
> Medicare + SS only?
>
> Thanks once more.

Help please? Thank you in advance..
Grad467_2
Posts: 27
Joined: Wed Apr 15, 2020 6:57 pm

Re: SS and Medicare Tax W/Held and Foreign Tax Credit

Post by Grad467_2 »

One more question re: my question(s) above. If city US city tax can be included as "foreign tax paid", can I also claim State and City taxes owing for 2020 as foreign tax paid also?

Thanks again for anybody's input / info..
nelsona
Posts: 17014
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: SS and Medicare Tax W/Held and Foreign Tax Credit

Post by nelsona »

The taxes you can use (including city income tax) are always the ones CALCULATED on your tax returns, NOT the tax withheld, owed, refunded, etc. Your returns state what tax you accrued for the tax year. That is what you use (plus SS and Medicare for wages).
I am taking my usual break from this site until May. Always too many tax-form specific questions at this time of year...
nelsona non grata. Non pro. Search previous posts. Happy Browsing :D
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