Hi,
Recently I got the H1B visa. I am married with one kid. I would like to know my tax liabilities. My yearly income is $60000.
Regards,
md_77
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Hi,
Recently I got the H1B visa. I am married with one kid. I would like to know my tax liabilities. My yearly income is $60000.
Regards,
md_77
Well, from the day your H-1B beacame effective, every dollar you made is being taxed for 6.2% for Social Security and 1.45% for Medicare.
As for income taxes, you will owe BOTH federal and state income taxes.
You have not identified the state where you live, so I cannot comment on that.
You will owe about $4,300 in federal income taxes.
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