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-   -   F1 on CPT, Income Taxes (https://www.askmehelpdesk.com/showthread.php?t=194671)

  • Mar 14, 2008, 03:50 PM
    skrpn
    F1 on CPT, Income Taxes
    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
  • May 1, 2008, 11:12 AM
    AtlantaTaxExpert
    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.

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