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-   -   Tax deduction on H1B Visa with 2 dependents(Wife and kid) (https://www.askmehelpdesk.com/showthread.php?t=678244)

  • Jul 3, 2012, 12:23 AM
    sekharm19
    Tax deduction on H1B Visa with 2 dependents(Wife and kid)
    Hi,

    I will be travelling to US- Chicago next month probably on 1 yr long term basis. Myf amily also coming along with me(Wife and 5 yrs kid). Could you please let me know what are the tax deductions can I make and how much tax can I save to increase my take home pay?

    My gross - 6000US$

    Thanks in advance.

    Regards
    Sri
  • Jul 5, 2012, 12:51 PM
    AtlantaTaxExpert
    You can file by yourself, or file jointly with your wife and claim ALL world-wide Income while claiming the Foreign Tax for your home country
  • Jul 5, 2012, 12:59 PM
    AtlantaTaxExpert
    Taxes paid.

    Your wife and child will need to submit Form W-7 to apply for ITINs.

    You will get THREE $3,800 personal exemptions and the $11,900 standard deduction.
  • Jul 6, 2012, 02:53 AM
    sekharm19
    Thanks very much for answering my query.

    I wouldlike to know If I can claim 3 exemptions on 70K dollars of my annual pay, Could you please help me the rough estimate of getting my monthly take home pay? How much approx can I get as a take home pay after claiming the exemptions.

    Thanks in advance.
  • Jul 7, 2012, 11:09 AM
    AtlantaTaxExpert
    Those calculations require use of Circular E. You can dowload it from Internal Revenue Service to do themselves.

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