PDA

View Full Version : F-1 Tax regarding Hope Tax credit, Moving expenses


sandeepg
Mar 24, 2008, 09:31 AM
Hi,

I was student on F1 (Indian Citizenship) during whole of year 2007. I also paid my tuition fees amounting to ~4000 dollars. Do I qualify for the tax credit ? I have looked up on the internet and haven't found IRS publications regarding my eligibility. From what I got to know from other sites is that I am not eligible since I was on visa. Whereas some other sites say that If I do not claim the standard deduction I can file itemized deductions.

I also did an internship in CA during the summer and paid moving expenses, can I deduct them ? Also since I had to rent an apartment there (quite costly) can I deduct the rent, as moving expenses ?

I bought Deluxe version of TurboTax, but that was of no help since it does not supports 1040 NREZ. Any opinions on a tax software which is able to handle 1040NREZ ?

Does anyone knows how much will H&R Block will charge for preparing my return ?

Thanks

MukatA
Mar 24, 2008, 10:50 AM
On F1 visa you are nonresident. You can claim tuition fee deduction or Education credit.

For moving expenses, you must work for the job for minimum 39 weeks in the year after you move. So for summer job, you can't deduct moving expenses.

Read: Your U.S. Tax Return: Moving Expenses (http://taxipay.blogspot.com/2008/02/moving-expenses.html)

sandeepg
Mar 24, 2008, 11:01 AM
On F1 visa you are nonresident. You can claim tuition fee deduction or Education credit.

For moving expenses, you must work for the job for minimum 39 weeks in the year after you move. So for summer job, you can't deduct moving expenses.

Read: Your U.S. Tax Return: Moving Expenses (http://taxipay.blogspot.com/2008/02/moving-expenses.html)

Hi, can you please point me to IRS publication regarding this. UT website < faq (http://www.utexas.edu/international/taxes/faq.html) , question 10> specifically says no to Tax credit.
I would very much like to get the credit since it reduces my Tax drastically :)

Thanks