Ask Experts Questions for FREE Help !
Ask
    chrysg's Avatar
    chrysg Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 17, 2008, 04:05 PM
    Less taxes with F-1OPT or H1-B?
    Hi everyone,

    I'm currently on F-1 and 2007 was the fifth time I filed US taxes as a NRA (using 1040NR-EZ). No tax treaty applies.
    I understand that from 2008 and on, I will be filing as RA and not be FICA exempt.

    Suppose that on Oct. 1st 2008 I have two possibilities:
    a) Go on F-1OPT for 1 year and then H1-B in 2009.
    b) Go on H1-B in 2008.

    From a taxation point of view (incl. Social Security and Medicaid contributions), is there any difference for me?

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

    May 2, 2008, 09:05 AM
    No difference.
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!

Early Withdraw - 401K Taxes Paid vs. Taxes Owe [ 7 Answers ]

Last year I took a early withdraw from my 401k last year after leaving my job. I had 30% withheld for Fed. Taxes. I am getting ready to have my taxes prepared. I have several questions. 1. Was 30% enough? Does 10% penalty still apply? 2. I live in the state of IL. Will I owe state taxes? ...

Estate taxes and gift taxes [ 3 Answers ]

I am the sole heir and executor of my late step Dad's estate. I sold the house as is for 155,000.00 and there waere two accounts totaling 20,000.00 plus two CDs totaling $8,000.00. Do I pay taxes on this? The estate tax is in IL and I live in CO. Also, if I give my brother and sister each...

Before taxes vs after taxes, Washington [ 1 Answers ]

If I am starting a new job @ $11.50/hr, what would that equal after taxes for the state of Washington? Thanks for your help. I am trying to budget for such a huge pay cut. :eek:

I did not file my taxes but had taxes taken out of my check [ 14 Answers ]

I'm kind of worried here... I don't know why I didn't, but it is what it is. I just didn't file my taxes for 2005 and 2006. I also worked for a company in 2004 that paid me in personal buisiness checks that I would cash at citibanks, etc. but they never had me fill out any paperwork and never...

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...

View more questions Search