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View Full Version : Estimate tax refunds


prajwal001
Jun 29, 2012, 05:08 PM
I am Indian. I am working under CPT program.
For this year I will be approximately earning $ 38,961
Federal with holdings are approx $ 6940
CA with holdings are around $ 2100
Fed MED + Fed OASDI WH around $ 158
My tuition fees in the same year $22,172

How much tax refunds I can expect?

prajwal001
Jun 29, 2012, 05:17 PM
I forgot to mention that I hold a valid F1 Visa

taxesforaliens
Jun 29, 2012, 08:48 PM
How long have you been on the visa?
If less than 5 years you shouldn't be paying FICA taxes (unless you were an exempt individual before you had the F1 visa)

prajwal001
Jun 29, 2012, 09:12 PM
I am here from 1 year on F1 visa. I do not know what is an exempt individual.

AtlantaTaxExpert
Jun 29, 2012, 09:30 PM
Are you married?

Are these figures for 2011 or 2012?

prajwal001
Jun 29, 2012, 10:59 PM
I am single. These are for 2012. I mean I am still working as an intern. But I would like estimate returns so that I can arrange funds for next semester fees

AtlantaTaxExpert
Jun 30, 2012, 04:16 AM
Your refund will be about $2,944.

prajwal001
Jun 30, 2012, 07:46 AM
Thanks a lot

AtlantaTaxExpert
Jun 30, 2012, 11:56 AM
Thanks a lot

Glad to help!