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    umbrella514's Avatar
    umbrella514 Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 6, 2009, 07:41 PM
    OPT (F1) student, is this tax withholding correct?
    Hello,

    I have limited knowledge concerning taxes. I'm on an OPT(F1) status, and I'm working in the US.

    I get paid weekly, (16/hr) and the total typically comes to around 650-700 dollars per week.

    As a student visa status, I am exempt from medicare/social security federal taxes, but I do have to pay federal withholding/state income tax. On the W4, I claimed 0 (I am a single, and do not have dependents... should I be claiming allowances?)

    The problem is, around 140 dollars(state + federal) are taken out of the 650/week paycheck each week from the total.

    Is this calculation correct? I would appreciate it if anyone could tell me if anything is incorrect here, and if I should do something differently.

    Thank you very much for the help.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Feb 7, 2009, 04:51 AM

    Yes you will claim 0 allowance on Form W4.
    You will file nonresident tax return and Form 8843. Your U.S. Tax Return: U.S. Tax Filing Requirements for Non-Residents
    umbrella514's Avatar
    umbrella514 Posts: 2, Reputation: 1
    New Member
     
    #3

    Feb 7, 2009, 06:24 AM
    Thank you very much for your prompt response.

    However, when I looked through the W4, aren't I supposed to claim 2 allowances (no dependents, single worker)?

    Also, I am a citizen of South Korea, and I have arrived here around 4 1/2 years ago... and based on the tax treaty b/w US and Republic of Korea (article 21-students and trainees), is it correct to claim tax exempt for $2000 of my salary in form 8233?

    I appreciate your expertise!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Feb 11, 2009, 03:24 PM
    You ARE authorized a $2,000 treaty exemption under the Korean-U.S. Treaty.

    You claim it on Form 1040NR or 1040NR-EZ; Form 8233 is NOT required.

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