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

    Aug 18, 2006, 08:27 AM
    Filing taxes with 2 dependents
    I came to usa onmay 21st,if I file tax from June 2006 to dec2006 total-7months@32200/-(4600 permonth gross). According to virginia tax I pay 33% ie) nearly1500 permonth nearly 10,000 for 7months,so if I file in march 2007,I am having dependents(wife on h4 not working&son 5months age) coming in oct2006.. so if I claim tax how much will I get back...

    II doubt
    And my friends going to start work from september1st who came in may.2006
    He is also having the same problem.. its same as my salary,same state,having a wife and a kid of 1year came to usa as dependents...

    Note:: at last how much he will get tax returns out of $6000 taxes paid
    How much I get tax return out of $10,000taxes paid...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Aug 18, 2006, 04:47 PM
    If your wife comes in October 2006, you will need to wait until April before you can file, as your wife has to be in country for 183 days to to choose to be treated as a resident alien.

    That said, figuring out your tax liability is simple math.

    Medicare is 1.45% of your pay, so your Medicare tax liability is $32,200 x .0145 = $467.

    Social Security is 6.2% of your pay, so your Social Security tax liability is $32,200 x .062 = $1,996.

    Your federal income tax liability will be about $1,265, assuming your will file jointly with your wife and claim your son as a dependent. This also assumes that the income earned in the United States is the ONLY income taxed. Unfortunately, if you file as a resident alien (which is the way that gives you the most tax deductions), the U.S. taxes ALL of your world-wide income earned in 2006.

    You will owe Virginia about $1,093.

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!

Filing taxes [ 1 Answers ]

I'm not happily married and I have one child. For the past 4 years I have been filing my taxes separately.4 the past year I'm the only1 that has worked and supported the 3 of us. My husband hasn't filed taxes in 2 years and owes the government. If I file him as a dependent will the fact that he...

Filing Taxes for myself (H1) and my wife (h4) [ 1 Answers ]

In one of your previous replies you had said that for filing taxes with person with H1 and wife with H4. "Yes, she will need an ITIN. Download a W-7 from www.irs.gov, fill it out, have you wife sign it and attach a notarized copy of her passport to the W-7. Attach both to your joint tax return...

Filing taxes overseas [ 1 Answers ]

At the end of my OPT (this May) I will be moving back home to Austria. I guess I have to file my taxes next year as well, since I had an income this year. How do I do this from Europe? Is there anything else I need to consider when leaving the country in respect to the IRS?

Filing for 2004 taxes and 2005 taxes [ 1 Answers ]

Hi I just received my W2 from my employer and there were 2 W2's. One W2 was for the wages of Dec 2004 (since the employer pays 1 month delayed salary) and the other one was for Jan - Nov 2005. I want to know if I can refile my 2004 taxes since I just got my Dec 2004's W2. If I add that...

Filing Taxes [ 1 Answers ]

I have used both TurboTax and Hrblock online tax preparation forms, and on both, I get that whether I am claimed as a dependent or not, my refund is the same, when I think I would get a bigger refund if Im not claimed as a dependent, at least that's how its worked in the past.


View more questions Search