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

    May 31, 2005, 03:45 PM
    F1+OPT - applicable taxes
    Hi,
    I am from India and just graduated from college and am on F1 with an OPT now. I work for a company in California paying me 55k annually and I am likely to make another 8k-10k on overtime. I know that I do not need to pay medicare and social security while on F1. What are the other deductions that I can claim. I tried finding information on IRS.gov but there is too much to go through and very confusing. I wonder if anyone has the information handy and could help me out.
    Thanks :)
    Manas.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Jun 1, 2005, 06:35 AM
    ManasR:

    The IRS Pub to download and read is IRS Pub 519.

    You can also review past postings from me on this subject. I have e commented extensively on it for the past three months.

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!

NJ taxes SDI & SUI [ 7 Answers ]

The company in PA my husband works for was purchased by a company in NJ. They are going to continue to have the satellite office in PA and we are residents of PA. We just received the first paycheck from this new company and I noticed that extra taxes had been taken out. A NJSDI and a NJSUI plus...

Filing for 2004 taxes and 2005 taxes [ 1 Answers ]

Hi I just received my W2 from my employer and there were 2 W2's. One W2 was for the wages of Dec 2004 (since the employer pays 1 month delayed salary) and the other one was for Jan - Nov 2005. I want to know if I can refile my 2004 taxes since I just got my Dec 2004's W2. If I add that...

F1-opt-h1b... taxes. [ 3 Answers ]

Hi All, I need little help regarding tax filing. Here are my details: Came to USA on F1 in aug 2002; Graduated in Dec 2004 and my Opt start from DEC 25TH 2004; My H1 Started in Dec 5th 2005. I filed 1040NREZ and 8843 for 2004 period. For year 2005, for 11 months, am on OPT and for 1...

H1-b & F-1 taxes [ 3 Answers ]

Hello: I am currently working on an H1-b since Oct 1st, 2005, from July 2004 until the end of July 2005 I worked on a F-1 woth my OPT. Last year I claim a deduction for my soc security and medicare taxes. I'm not sure if I can still claim that same deduction for this year and which form do I need...

J2 taxes [ 1 Answers ]

Hello, I have seen a lot of questions on this forum concerning taxes for J1. Here is my case: I arrived in January 2005 with my husband. He has a J1 and I am J2 dependent. I got my EAD in April 2005 and found a job a few days after. I started to pay all taxes : social security, medicare,...


View more questions Search