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View Full Version : On a CPT What Tax form to file and what deduction can be taken?


vij_roo
Mar 20, 2010, 10:35 PM
I am working on a CPT
1. What Tax form to file anf what deduction can be taken?
2. I am from India. ANy treaty benefits I can claim?

Jaykid007
Mar 21, 2010, 08:36 PM
Never heard of it

MukatA
Mar 21, 2010, 11:30 PM
On F1/OPT you are exempt from residency for 5-years. You must file non-resident tax return Form 1040NR or 1040NR-EZ and Form 8843. Your income is not subject to FICA taxes but you must pay federal and state income taxes. On your income you will get deduction based on tax treaty between the U.S. and your country. Since you are from India, as per tax treaty, you will claim standard deduction of $5,700 instead of itemized deduction. You can also claim exemption for your spouse if she did not have any income in 2009. You can also claim exemptions for dependents. (Your U.S. Tax Return: U.S. Tax Filing Requirements for Non-Residents (http://taxipay.blogspot.com/2008/03/us-tax-filing-requirements-for-non.html)

vij_roo
Mar 27, 2010, 03:35 PM
Thanks... I paid around $7000 for my education. Can I deduct that in Schedule A. If so what line?

MukatA
Mar 28, 2010, 01:19 AM
No, nonresidents do not get tuition and fee deduction or education credit.