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

    Feb 28, 2006, 07:40 AM
    H1B Resident Status deductions
    Last year, I was in dual status (part-OPT, part H1B) and filed a 1040NR-EZ. This year I have become a resident for tax purposes as I have been in H1B throughout 2005. So I have to file 1040/1040EZ. Last year, with 1040NR-EZ, claimed $5000 standard deduction as I am a citizen of India. Can I still claim this deduction as a resident alien? Are there any other deductions I can claim?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 28, 2006, 09:50 AM
    Bondeluv:

    Yes, you get a $5,000 standard deduction and a $3,200 personal exemption. On Form 1040EZ, it is combined on Line #5.

    The number of deductions and credits available to resident aliens are simply too numerous to address on this forum. You can download IRS Pub 17 (which is 216 pages long) from www.irs.gov to get an idea of what is available, but it is not comprehensive.
    bondeluv's Avatar
    bondeluv Posts: 2, Reputation: 1
    New Member
     
    #3

    Mar 1, 2006, 06:49 AM
    Thanks for the help!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Mar 1, 2006, 10:43 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!

Status as resident / non - resident [ 1 Answers ]

Hi Need some advise on the taxes - I had moved to NY in November 2005 with my wife. We had a baby in December 2005. I need to know my status as to whether I would need to file my return as Resident Alien or Non-Resident Alien. Also I want to know that since I received my SSN in January...

L1/J1- Permanent Resident Tax status [ 1 Answers ]

At the start of 2005 I was single and employed on an L1, my Fiancée then received a J1 and started work in mid-Jan as a Post-Dpoctral research scientist. We got married on June 25th and my Permenent Resisdent Visa was issued in late August through the US embassy in London. My wife received her...

Status, Required forms and Deductions [ 9 Answers ]

Hi, I was a student in Oklahoma from 8/03 to 06/05 and then moved to to Texas 07/05. My OPT began on 5/31/05. My company transferred my status to H1 in mid 11/05. Could you please let me know what forms do I need to fill. Also if you could let me know what deductions are available for me. ...

J1 visa resident status [ 1 Answers ]

I am a Turkish citizen working for an American hotel under a J1 visa. I have been in the US since April 2003, and am now trying to file my taxes for 2004. I am confused by the "exemption" portion of the Substantial Presence Test- if I have a J1, am I considered exempt? I am working as an intern at...

Deductions for dual-status [ 2 Answers ]

I am using 1040-nr form for filing my taxes. Since I am on h1 from nov. 1, 2004 (before that I was on f1 for 5 years), I cannot take standard deduction. My question is which deductions can I take?? I am indian so can I take $4500 deduction acc. To india treaty? What about itemized deductions?...


View more questions Search