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    RCMI99's Avatar
    RCMI99 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 27, 2008, 10:24 AM
    Taxes for F1 student & his spouse
    Hi,
    Both me and my wife are Indian students in F1 visa. I just enquired to know whetheer if we are filing separately we can claim personal exemption apart from standard deduction. Again can we show some loss due to vandalism & expenses incurred for paying tuition fees can also be shown in some deductions?
    RCMI
    :confused:
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jan 28, 2008, 01:29 AM
    You should both file separate tax returns as nonresidents. Both of you will get standard deduction and exemption deductions that $8,750 each.

    Vandalism expenses is covered under casualty and theft loss. For this loss you must first use $100 and 10% of AGI rules. Then you can deduct the remaining loss only if you itemize your deductions.

    You can deduct tuition fees paid up to $4,000 as adjustment to the income.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 28, 2008, 01:06 PM
    MukatA:

    Sorry, but tuition credits/deductions are NOT available to those who file as non-resident aliens.

    They CAN deduct student loan interest, though!
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