Holding international stock funds in a taxable account gives you foreign tax credit, but claiming it on IRS Form 1116 has become too much hassle.
2021 Foreign Tax Credit Form 1116 in TurboTax and H&R Block
You need a Form 1116 when your total foreign taxes paid is over $300/$600. Here’s a walkthrough for how to do it in TurboTax and H&R Block software.
While On International Travel, Always Transact In Local Currency
When using a credit card or debit card outside the U.S., always choose to transact in the local currency and reject the U.S. dollar amount.
Free International Wire Transfer via Fidelity or Vanguard
When you need to do an international wire transfer, do it through Fidelity or Vanguard.
Now With Small Caps: New Fidelity International Stock Index Fund
Fidelity’s Total International Index Fund is more diversified than its other international index funds.