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

    Jul 10, 2008, 12:39 PM
    F1 Interest non-taxable?
    If I get this right, F1 students in US are not taxed on the interest they earn from Savings account/Certificate of Deposits. Is that correct?

    Should the interest be reported while filing taxes?

    Thanks!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jul 10, 2008, 09:43 PM
    Yes, it is not taxable. You do not need to report it. You can file From 1040NR-EZ.
    Read: Your U.S. Tax Return: U.S. Tax Filing Requirements for Non-Residents
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