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-   -   Income tax for cpt holder (https://www.askmehelpdesk.com/showthread.php?t=701432)

  • Sep 12, 2012, 09:40 AM
    sripal
    Income tax for cpt holder
    Hi

    I am currently on F1 Visa and am taking CPT from next week. I am offered a job with 59,987 $ per year. I am on F1 for 1yr 9 months. I am based in Michigan and the job offer is also in Michigan. Can you let me know how much the total taxes (both federal and state taxes) will come out to.

    Thank you
  • Sep 12, 2012, 04:42 PM
    AtlantaTaxExpert
    Are you married?

    What is your home country?

    WHEN did you first arrive on the F-1 visa?
  • Sep 12, 2012, 05:47 PM
    sripal
    My home country is India but am a permanent resident of Trinidad & Tobago(caribbean). I came into US on 10th of January 2011. I am married ( she is on visitors/B1/B2 visa. She came here 4 weeks ago and is not employed. I have a daughter 2 yrs old and she will be coming here in December. I have two dependents,my father and mother who are 58 and 64 yrs old. They are in India too and will be coming in December 2012.
  • Sep 12, 2012, 06:08 PM
    AtlantaTaxExpert
    Did you come from India or Trinidad? Need to know which treaty to apply.
  • Sep 12, 2012, 06:15 PM
    sripal
    Trinidad
  • Sep 13, 2012, 08:15 AM
    AtlantaTaxExpert
    Under the Trinidad treaty, you cannot your dependents, and you get ONLY a $2,000 treaty exemption.

    You will be in the 25% tax bracket for the IRS. To know exactkly what your tax liability will be, I need to know what you will get paid from now to 31 December 2012.
  • Sep 13, 2012, 08:22 AM
    sripal
    15,300 $ USD from oct 1st to December 31st 2012
  • Sep 13, 2012, 09:39 AM
    AtlantaTaxExpert
    Your federal tax liability will be about $1,090.

    Your Michigan tax liability will be about $418.
  • Sep 13, 2012, 10:56 AM
    sripal
    Thank you
  • Sep 13, 2012, 11:20 AM
    AtlantaTaxExpert
    Glad to help!

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