Ask Experts Questions for FREE Help !
Ask
    ank_8220's Avatar
    ank_8220 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jan 22, 2007, 05:37 PM
    F1 - opt -H!
    This was my status

    On F1 - From Jan 1 to May 15 (2006)
    On Opt from May16 - oct 1 (2006)
    On H1 - from Oct 1 - Dec31 (2006)

    Under what status do I file my taxes in. Will I be eligible for any deductions and will I get my social security and medicare back (that I paid during the H1)

    ANy input will be highly appreciated.


    Thanks

    Ankur
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 22, 2007, 10:51 PM
    Ankur:

    You should file as a non-resident alien. You CAN file as a dual-status, but that is a complex return which usually offers no benefit over filing as a non-resident alien.

    If you are Indian, you can claim the $5,150 standard deduction as a student on F-1 status, plus your $3,300 personal exemption.

    When you converted to H-1, you become liable for Social Security and Medicare taxes, so that withholding is correct.
    ank_8220's Avatar
    ank_8220 Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Jan 23, 2007, 10:34 AM
    Thanks for your prompt and quick reply.

    I have two more questions. Can I claim the deductions for the fees that I paid for my masters when I was a student ? After my status changed to H1 I bought books for CFA and I am planning to take the exam in June?. Can I claim those expenses.


    Where can I go to get my taxes filed at a reasonable price? How much do you charge for the service?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jan 23, 2007, 11:03 AM
    I posted an answer to this question on the other posting.

    Contact me at [email protected] to discuss fees.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

F-1 and opt [ 2 Answers ]

Hi expert, I have a few questions listed below regarding the tax during the period of my on campus work and OPT: My background: Citizen of P.R.China and in master program since Sep. 2004 on H4 status. My husband is on H-1b status. I Changed the status from H4 to F1 on June, 2005 and...

Opt/h-1b [ 6 Answers ]

Hi, I was in OPT from from March 1st 2005 to FEB28 2006. Then in H1B from Feb 1st to till date. My questions are:- (1) I started working from June 2005. During my OPT my employer did not pay SS and Medicare ---Is it right (2) My employer started paying SS and medicare tax from...

F-1/opt/h-1b [ 7 Answers ]

Dear AtlantaTaxExpert, Thanks for all the information that you have already provided on forums. My situation is as follows: Jan 1 to May 15 (F-1) (W-2 from university of Miami) May 16 to June 30 (OPT) (Started job in Michigan on June 10) July 1 - Dec 31 (H-1B) (184 days) (W-2...

F-1 Opt to h1 [ 1 Answers ]

I was on my OPT from Jan 2005 till Oct 2005 in Texas. I switched to H-1 in October. I have received a 1099 for wages received under OPT and no federal tax has been withheld. Am I liable to pay federal tax when I am under OPT?

Opt [ 1 Answers ]

I am living in US since August 30, 2000 on F1 Status. During OPT what Taxes I need to pay (State, Federal, Social Security, Medicare) and what percentage is applied to OPT. Actually my company is deducting as they deduct for H-1B. I was wondering, that during OPT I only need to pay State and...

View more questions Search