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    saurav2k1's Avatar
    saurav2k1 Posts: 3, Reputation: 1
    New Member
     
    #1

    Nov 8, 2008, 03:33 PM
    How Much Tax Return I would get
    Hi All,

    I am from India, I came to USA in August first week 2008 so for 2008 Year I would be staying for less than 183 Days in US. I am working for TCS and my Employer is deducting the tax.Can any body help me to know how much tax return I would be getting once I file Tax return, I have heard that I may get total tax return that I have paid. How tax refund is calculated. And one more thing do I need to pay tax again in India for the money earned in US.

    Thanks in advance for the help. Hoping to get detailed answer.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Nov 9, 2008, 11:13 PM

    Your visa type? If you came is August 2008, you will be non-resident for 2008. You will file non-resident tax return in the U.S.
    Your U.S. income is subject to SS tax at 6.2%, Medicare at 1.45%, federal income tax, state income tax, and other state taxes (if any).
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Nov 13, 2008, 09:57 AM
    We also need to know:

    1) HOW MUCH income you earned while in the U.S.

    2) How long you will be in the U.S. in 2009.

    3) Your marital status.
    saurav2k1's Avatar
    saurav2k1 Posts: 3, Reputation: 1
    New Member
     
    #4

    Nov 13, 2008, 04:19 PM
    Please find answer below:-

    1) HOW MUCH income you earned while in the U.S.:- 16000$ after tax, 7000$ Tax

    2) How long you will be in the U.S. in 2009:- at least 10-11 months

    3) Your marital status.[Single]

    Could you please help me now.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #5

    Nov 14, 2008, 12:38 AM

    Assuming you have work visa. You will file non-resident tax return.
    On income of $16,000 for 2008, your taxes are:
    SS tax $992
    Medicare Tax $232
    Federal Income Tax $1474 (or less if you claim itemized deduction for state income tax)
    Plus state income tax.
    Your taxes withheld can not be $7000.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Nov 14, 2008, 11:14 AM
    MukatA:

    I believe his total income was $23,000; the $16,000 figure is after taxes were withheld.

    Hence, his Social Security was $1,426 and his Medicare was $334.

    That leaves $5,240. If he lives in Massachusetts or California, his state tax withholding can EASILY be over $1,250, which means his federal withholding is around $4,000.

    If he claims SINGLE with ZERO exemptions, a $4,000 withholding is very possible, especially since his tax liability will be in the $2,300 range, because he CANNOT claim the $3,450 standard deduction.

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