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    prajwal001's Avatar
    prajwal001 Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Jun 29, 2012, 05:08 PM
    Estimate tax refunds
    I am Indian. I am working under CPT program.
    For this year I will be approximately earning $ 38,961
    Federal with holdings are approx $ 6940
    CA with holdings are around $ 2100
    Fed MED + Fed OASDI WH around $ 158
    My tuition fees in the same year $22,172

    How much tax refunds I can expect?
    prajwal001's Avatar
    prajwal001 Posts: 5, Reputation: 1
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    #2

    Jun 29, 2012, 05:17 PM
    I forgot to mention that I hold a valid F1 Visa
    taxesforaliens's Avatar
    taxesforaliens Posts: 649, Reputation: 117
    Senior Member
    		  
    #3

    Jun 29, 2012, 08:48 PM
    How long have you been on the visa?
    If less than 5 years you shouldn't be paying FICA taxes (unless you were an exempt individual before you had the F1 visa)
    prajwal001's Avatar
    prajwal001 Posts: 5, Reputation: 1
    New Member
    		  
    #4

    Jun 29, 2012, 09:12 PM
    I am here from 1 year on F1 visa. I do not know what is an exempt individual.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Jun 29, 2012, 09:30 PM
    Are you married?

    Are these figures for 2011 or 2012?
    prajwal001's Avatar
    prajwal001 Posts: 5, Reputation: 1
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    #6

    Jun 29, 2012, 10:59 PM
    I am single. These are for 2012. I mean I am still working as an intern. But I would like estimate returns so that I can arrange funds for next semester fees
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #7

    Jun 30, 2012, 04:16 AM
    Your refund will be about $2,944.
    prajwal001's Avatar
    prajwal001 Posts: 5, Reputation: 1
    New Member
    		  
    #8

    Jun 30, 2012, 07:46 AM
    Thanks a lot
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #9

    Jun 30, 2012, 11:56 AM
    Quote Originally Posted by prajwal001 View Post
    Thanks a lot
    Glad to help!
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