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    crazee85's Avatar
    crazee85 Posts: 82, Reputation: 1
    Junior Member
    		  
    #1

    Mar 9, 2011, 07:13 AM
    F-1 Non-Resident Alien - Bank Interest Income - State Taxes
    Hi,

    I know that bank interest income, while on F-1 non-resident alien status, is exempt for federal taxes. How about state and city taxes?

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

    Mar 18, 2011, 01:45 PM
    Depends on the city and state.

    If they honor the treaty, then the interest is tax exempt.

    If not, then the interest is probably taxable.
    crazee85's Avatar
    crazee85 Posts: 82, Reputation: 1
    Junior Member
    		  
    #3

    Mar 19, 2011, 05:29 PM
    Thanks AtlantaTaxExpert!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 19, 2011, 08:30 PM
    Glad to help!
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