| As an F-1 visaholder, you must file Form 1040NR or 1040NR-EZ, as well as Form 8843. You are entitled to a personal exemption of about $3,300 for 2006.
Because you are an Indian citizen, you can claim your wife as a dependent, which is another $3,300 exemption. Further, you can claim the $5,100 standard deduction as a result of the U.S.-India Tax Treaty.
This means that the $11,700 earned will NOT be taxed. You must file the tax return noted, but if your income is less than $11,700, you will owe no taxes.
Finally, as a F-1 visa holder, any income you earn is totally exempt from Social Securtiy and Medicare taxes.
As for Georgia, you will file Form 500 just like any other Georgia resident. |