Hello,

I am working full-time and am currently on my OPT, therefore I am FICA exempt.
Some of my stock options vested recently and I sold a part of it. Now, under my E-Trade
Account I see that there is a total tax deduction of 43.13% :fell off my chair:

My question is will I be able to get my FICA exempted (about 9%) while I file my
Tax returns for this year?

Additionally I was awarded some bonus this year. The tax on the bonus was more than
That they usually deduct from my ordinary salary (since FICA was not exempted on it). Will I
Also be able to get it back during tax returns?

Just Curious :rubbing hands together: :D

Best,
AT

AT:

If the options were exercised and sold during your OPT period, then you should be able to claim a refund of the withheld Social Security and Medicare taxes using Form 843.

Hello,

I am working full-time and am currently on my OPT, therefore i am FICA exempt.
Some of my stock options vested recently and i sold a part of it. Now, under my E-Trade
account i see that there is a total tax deduction of 43.13% :fell off my chair:

My question is will i be able to get my FICA exempted (about 9%) while i file my
tax returns for this year?

Additionally i was awarded some bonus this year. The tax on the bonus was more than
that they usually deduct from my ordinary salary (since FICA was not exempted on it). Will i
also be able to get it back during tax returns?

Just Curious :rubbing hands together: :D

Best,
AT
Thanks a bunch! I will assume this will also apply to the bonus as well.

It should apply to the bonus as well.

It should apply to the bonus as well.

OK. Now this is weird. I was in the process of filing my taxes for 2007,
And my tax consultant says that Short term gains are not FICA exempt
For OPT candidates :eek:

I have already filed my taxes (he put me as non-resident 1099 - as I was on OPT
Pretty much for the whole 2007). What do you suggest?