Ask Experts Questions for FREE Help !
Ask
    tdar's Avatar
    tdar Posts: 9, Reputation: 1
    New Member
    		  
    #1

    Mar 17, 2010, 09:19 AM
    h1 visa tax
    I am looking to move within my company this year to NY, so hopefully someone can advise what tax rates and tax credits as an employee would be applicable for me, based on the following information:

    Salary $100,000
    Visa: H1B
    Wife and two kids (2 & 5 yrs) on H4 visas

    Ballpark numbers would be appreciated.

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

    Mar 18, 2010, 05:23 AM

    You have work visa. You must pay SS tax, Medicare tax, federal and state income tax.
    What exactly do you mean by "move within my company this year...".
    tdar's Avatar
    tdar Posts: 9, Reputation: 1
    New Member
    		  
    #3

    Mar 18, 2010, 02:14 PM

    By "move within my company this year" I mean that my employer is an American multinational and I will be moving country but staying employed by the same company, albeit under an American work contract; that's why I need to know the approximate rates of tax and tax credits.. etc etc.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Mar 19, 2010, 12:01 AM

    If you file joint return and claim your children as dependent, your taxes (without child tax credit or any stimulus rebate) based on 2009 tax rates are:
    SS tax $6200
    Meidare Tax $1450
    Federal Income tax $10875
    Then you will have state income tax. You may get $2000 as child tax credit.
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!

Wife in B1/B2 visa. I am in H1B visa. Will I get any Tax exemptions. [ 1 Answers ]

My wife will be coming to US in B1/B2 visa. I am in a H1B visa. Please let me know whether I can get tax exemptions if I file tax returns with my wife in B1/B2 visa or should I process dependent H4 visa for her inorder to get any tax exemptions. Also please let me know the process to file tax...

UK resident on J1 visa in past, now on H1B visa. Tax payable? [ 8 Answers ]

Hi I am a UK resident. I worked as a visiting professor for 18 months in 2002-3 on a J1 visa. I paid no US tax during that time. I did not file a tax return. I returned to the US this month on an H1B visa to work for a year as a visiting professor. What US tax do I have to pay? Thanks Grant

My 2008 tax questions (changed from F1 visa to H1 visa and also moved) [ 2 Answers ]

My wife came to US in 2001 and I came to US in September 2004. In 2007, both of us had income as students in California. We filed jointly as resident for 2007 tax since my husband was already a resident. In 2008, my wife was on OPT F1 visa first and later on H4 visa, dependent of me, and she...

J-1 visa tax exemption, change status to H-1B visa? [ 5 Answers ]

Hello, I'm from Thailand and holding J-1 visa. For J-1 visa I can exempt tax for 2 years. I'm wondering how's tax payment after 2 years in two different status. 1. If I extend J-1 visa, do I need to pay tax back for the first two years? 2. If I change to H-1B, do I need to pay tax back...

Tax for F-1 visa on OPT with tax treaty, resident alien for tax purpose [ 2 Answers ]

HI--I have multiple "identities" with regard to tax: 1. I'm an F-1 visa holder 2. I'm on OPT from Sept.2007-Aug.2008 3. I have benefits of tax treaty, under which I can be exempted from federal taxes up to $5000 a year for wages, and unlimited amount for fellowship 4. I'm a resident alien for...

View more questions Search