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    vs331's Avatar
    vs331 Posts: 3, Reputation: 1
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    #1

    Mar 25, 2006, 02:11 AM
    Income during F1-OPT
    Hi,
    I am an Indian student. I had an income 7500$ during OPT in 2005, on which tax was deducted. This was from working at my university. Later I changed back to F1 because I went for PhD. Is this income completely tax exempt? My total income during 2005 is 12,000$.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 25, 2006, 07:28 AM
    VS331:

    You will owe some taxes on the $12,000 you earned in 2005, but $8,200 (the amount of your personal exemption plus the standard deduction) is exempt, so you will not owe much. It's likely you are due a refund.

    You need to prepare Form 1040NR or 1040NR-EZ to find out.
    vs331's Avatar
    vs331 Posts: 3, Reputation: 1
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    #3

    Mar 25, 2006, 01:33 PM
    Thanks for your help. I had one more question. I have moving expenses associated with changing universities. Can I claim these moving expenses along with the 8200$(5000 + 3200)? I think moving expenses do not come under itemized deductions, so I thought I can claim it. Can you please clarify this?

    Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Mar 25, 2006, 11:33 PM
    If you worked at both universities, you can claim the moving expenses using Form 3903.
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