This was my status

On F1 - From Jan 1 to May 15 (2006)
On Opt from May16 - oct 1 (2006)
On H1 - from Oct 1 - Dec31 (2006)

Under what status do I file my taxes in. Will I be eligible for any deductions and will I get my social security and medicare back (that I paid during the H1)

ANy input will be highly appreciated.


Thanks

Ankur

Ankur:

You should file as a non-resident alien. You CAN file as a dual-status, but that is a complex return which usually offers no benefit over filing as a non-resident alien.

If you are Indian, you can claim the $5,150 standard deduction as a student on F-1 status, plus your $3,300 personal exemption.

When you converted to H-1, you become liable for Social Security and Medicare taxes, so that withholding is correct.

Thanks for your prompt and quick reply.

I have two more questions. Can I claim the deductions for the fees that I paid for my masters when I was a student ? After my status changed to H1 I bought books for CFA and I am planning to take the exam in June?. Can I claim those expenses.


Where can I go to get my taxes filed at a reasonable price? How much do you charge for the service?

I posted an answer to this question on the other posting.

Contact me at [email protected] to discuss fees.