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-   -   Estimate tax refunds (https://www.askmehelpdesk.com/showthread.php?t=676941)

  • Jun 29, 2012, 05:08 PM
    prajwal001
    Estimate tax refunds
    I am Indian. I am working under CPT program.
    For this year I will be approximately earning $ 38,961
    Federal with holdings are approx $ 6940
    CA with holdings are around $ 2100
    Fed MED + Fed OASDI WH around $ 158
    My tuition fees in the same year $22,172

    How much tax refunds I can expect?
  • Jun 29, 2012, 05:17 PM
    prajwal001
    I forgot to mention that I hold a valid F1 Visa
  • Jun 29, 2012, 08:48 PM
    taxesforaliens
    How long have you been on the visa?
    If less than 5 years you shouldn't be paying FICA taxes (unless you were an exempt individual before you had the F1 visa)
  • Jun 29, 2012, 09:12 PM
    prajwal001
    I am here from 1 year on F1 visa. I do not know what is an exempt individual.
  • Jun 29, 2012, 09:30 PM
    AtlantaTaxExpert
    Are you married?

    Are these figures for 2011 or 2012?
  • Jun 29, 2012, 10:59 PM
    prajwal001
    I am single. These are for 2012. I mean I am still working as an intern. But I would like estimate returns so that I can arrange funds for next semester fees
  • Jun 30, 2012, 04:16 AM
    AtlantaTaxExpert
    Your refund will be about $2,944.
  • Jun 30, 2012, 07:46 AM
    prajwal001
    Thanks a lot
  • Jun 30, 2012, 11:56 AM
    AtlantaTaxExpert
    Quote:

    Originally Posted by prajwal001 View Post
    Thanks a lot

    Glad to help!

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