Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   F1 OPT: 401K: Federal income taxes (https://www.askmehelpdesk.com/showthread.php?t=794290)

  • Jun 13, 2014, 12:48 PM
    limaconrado
    F1 OPT: 401K: Federal income taxes
    I have a question. I’m on the F1-OPT. My employer offers me 401K matching contribution. As far as I know, I don’t get many deductions on the Federal Income TAX, because I’m nonresident. If I chose to contribute, will this contribution be taxed anyway or I get tax deferral like US residents?
    I'm Brazilian resident.
  • Jun 13, 2014, 02:21 PM
    AtlantaTaxExpert
    The 401K contributions by you AND your employer are tax-deferred, which means that income tax will be assessed when you make a withdrawal from the 401K.

    This applies irrespective of your visa status or whether or not you are a resident or non-resident.

  • All times are GMT -7. The time now is 07:56 PM.