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skrpn
Mar 14, 2008, 03:50 PM
Hi,

I was a F-1 student until this January working on a CPT from Aug-December. I have about $23000 in income for last year and my Fed+state+City taxes were withheld. I am in Ohio and an Indian by nationality.

I was wondering if someone could answer these questions.

a) What should my Fed taxes be?
b) Can I claim standard deductions?
c) Can I add Student loan payments in deductions?
d) Do I have to pay FICA and Medicare?

Thanks in advance for your reply. Much appreciated...
AJ

AtlantaTaxExpert
May 1, 2008, 11:12 AM
a) Your tax liability for incometaxes will be about $1,750.

b) Yes.

c) You can deduct the INTEREST on those student loan payments.

d) No.