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-   -   1099 job on opt (https://www.askmehelpdesk.com/showthread.php?t=200818)

  • Mar 31, 2008, 03:42 PM
    SSKK01
    1099 job on opt
    Hello.

    I am an f1 student currently on opt.

    I have been offered a 1099 position for 6 months at $50 per hour.

    Is it the standard 33% or will it be more than that?

    What is the percentage of tax that I must pay?

    Thanks in advance
  • Apr 1, 2008, 05:51 AM
    MukatA
    The 1099-Misc income is reported on schedule C (Form 1040). You can deduct your business related expenses. On OPT, you don't pay 15.3% SE tax on this income. Only residents pay SE tax.

    How you will treat the 1099-Misc income, read: Your U.S. Tax Return: W2 or 1099: Employee or Independent Contractor.

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