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    scorpio222's Avatar
    scorpio222 Posts: 13, Reputation: 1
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    #1

    Jul 23, 2010, 11:36 AM
    % of Taxes owed by OPT student?(F-1 status)
    What is the % of taxes owed by an OPT student who is currently in F-1 visa and not in H-1. I understand that OPT student need not pay SSN or medicare taxes.

    1. So is there any tool online to find out what % of tax withheld from an opt student. If not, then how much would be the approx % withheld?

    2. Will the % withheld increase if the earnings are more than 70K?

    3. If H-1 is sponsored, then how much will be held including SSN and medicare tax.

    Would appreciate if the % are shown separately, like federal - X%, ga tax- Y%, SSN -Z%.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Jul 23, 2010, 01:17 PM
    1 & 2) It is solely dependent on the withholding tables in Circular E, which is dependent on the level of income.

    3) Social Security is 6.2%; Medicare is 1.45%
    scorpio222's Avatar
    scorpio222 Posts: 13, Reputation: 1
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    #3

    Jul 25, 2010, 01:06 PM

    Can you please provide a link as to see how much % is taxed for so and so income? Where can I get 'the withholding tables in Circular E' ?

    If not, what is the % withheld for 60K, 65K and for 70K. Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Jul 26, 2010, 07:34 AM
    You can get a copy of Circular E from Internal Revenue Service.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #5

    Jul 27, 2010, 05:16 AM

    On F-1 you are exempt from residency for 5-years; must file nonresident tax return and are exempt from SS tax and Medicare tax.
    On H-1 your days in the U.S. are not exempt from from residency. You will pay all the taxes just like U.S. citizens and residents.

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