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

    Feb 26, 2006, 02:59 PM
    OPT-H1 standard deductions?
    First off, great Job! This forum is very useful to people like me. I have read the messages posted here since last year and it seems to me that I fall as a resident alien for this year (05) tax purposes as I passed the substantial presence test. Sorry to post the same question again but I just need to double-check to see, if you think otherwise on my situation.

    Aug 2002 - Dec 2004 - F1 Student
    2005 - Worked full-time as OPT until May
    2005 - Working full-time as H1B from May 12 (>183 days physical presence)
    Filing status - Single
    Citizen - India

    So, I need to file 1040EZ and can claim standard deductions ($8200). Please correct me if I am wrong.

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

    Feb 26, 2006, 09:32 PM
    Sashi:

    Yes, you are a resident alien. Your personal exemption is $3,200 and the standard deduction is $5,000. On Form 1040EZ, they are combined on one line as $8,200.
    sashi's Avatar
    sashi Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Feb 26, 2006, 10:54 PM
    Quote Originally Posted by AtlantaTaxExpert
    Sashi:

    Yes, you are a resident alien. Your personal exemption is $3,200 and the standard deduction is $5,000. On Form 1040EZ, they are combined on one line as $8,200.
    Thanks for the response. Appreciate it :)
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Feb 27, 2006, 10:41 AM
    Glad to help!
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!

Standard of care vs standard of practice [ 3 Answers ]

In terms of medicine, what is the difference between the standard of care and the standard of practice?

Education Deductions [ 4 Answers ]

Can a person claim the education credits for the fees paid to a truck driving school?

Standard Deductions [ 3 Answers ]

Hi I have a question and wondering if anybody could answer this. I am an Indian National and was holding an F-1 Visa from August 2002 through August 2005. My Visa status got changed on September 15, 2005 to H-1B. So my starting date is September 15, 2005. Can anybody tell me what form should I...

Standard deductions [ 14 Answers ]

Hi, I was working on F1 visa (OPT) from Jan 1, 2005 till Nov 30, 2005. My H1 started from 1st Dec 2005. I am using 1040NR-EZ for filing my taxes. Am I right? Or do I have to use both 1040 and 1040 NR? Also I am a bit confused about my deductions. Can I claim standard deductions, as I was on...

Deductions on funeral [ 4 Answers ]

Please don't take this the wrong way, I don't want to sound money concerned. My father passed away, I paid for the majority of his funeral expences, is there any deductions for paying for a funeral. I have never heard of it, but just wondering.

View more questions Search