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.
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.