H1- Tax deductions

Question

Jan 16, 2007, 03:53 PM

sr005

New Member

Join Date: Jan 2007

Posts: 1

H1- Tax deductions

Currently I am on H1. Can i file returns for my social security with hold, medicare money.

Answers

Jan 16, 2007, 06:51 PM	#2

AtlantaTaxExpert

Tax Expert

Join Date: Feb 2005

Location: Atlanta, Georgia

Posts: 9,873

Negative. You became liable to pay Social Security and Medicare taxes the day your H-1 visa was approved. These taxes are flat taxes that are withheld directly from your paycheck.

There IS a cap on Social Security taxes. The income limit is $94,000 for 2006 and $97,000 for 2007. If you work in two jobs whose combined salary exceed $97,000, then you can request a refund for the excess Social Security withheld on the back of Form 1040.

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