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

    Aug 27, 2010, 12:04 PM
    This is regarding the W4 form
    I am married and now in USA (H1B). But I have my family in my home country and have one kid. Still I need to submit the W4 form as Single? Whether there is any way to claim the Tax refund for the expense for the dependents.

    Also I have the House loan in India. Is that can be shown to reduce the taxable income?
    wnhough's Avatar
    wnhough Posts: 200, Reputation: 12
    Full Member
     
    #2

    Aug 28, 2010, 12:25 AM
    QUOTE," But I have my family in my home country and have one kid. Still i need to submit the W4 form as Single? "--I don't know how long you've been in the US.
    Assume that you have been in the USfor the entire tax year (I mean you came to the U.S. as an H-1B visa holderbefore January 1, 2010), then you are considered as a resident alien andcan file IRS Form 1040, 1040A or 1040EZ( if youdo not claim itemized ded.).Also you should pay both state(if applicable) and fed. Taxes and are liable to pay FICA taxes. You also can claim all the exemptions and credits which are available to U.S. citizens, to include filing jointly with your spouse (even if she is living in India) and also claiming the exemptions for your children.
    Even if 2010 is your first year( regadless of entering either before July 2nd or after July 1st), as being a married person, you and your spouse can both choose to be treated as resident aliens.
    "hether there is any way to claim the Tax refund for the expense for the dependents"----you can claim your spouse and children as dependents as said above as resident alien.
    "Also i have the House loan in India. Is that can be shown to reduce the taxable income? "---When filing your joint tax, you can get tax credit on your house mortgage internestpayements that you 'd paid in India.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #3

    Aug 28, 2010, 01:06 AM

    1. When did you enter the U.S. on H1-B?
    2. A dependent must be citizen or resident of the U.S. If you are resident of U.S. that is you meet substantial presence test, you can claim your kid if the kid is in U.S. for any part of the year. Your U.S. Tax Return: Substantial Presence Test
    3. Spouse is never a dependent. You can file joint return if you are eligible to file resident return.
    4. Home loan interest deduction is itemized deduction. You can take the deduction provided you withhold U.S. tax on interest payment to the foreign lender.

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!

Does my wife also sign my w8ben form or does she file a separate form? [ 4 Answers ]

I want to cash in stocks I have with the united states and was told my wife and I need to file a w8ben form to avoid paying the tax, Do we sign the same form or do we both need to fill out the w8ben form separately?

Form 2555 income listed as negative on form 1040 [ 3 Answers ]

I am a citizen of a country(India) with which US has a tax treaty(http://www.irs.gov/businesses/international/article/0, id=169600,00.html) where I worked from Jan 1, 2009 to Aug 10, 2009. From Aug 21, 2009 to Dec 31, 2009 I was working in U.S. on a non-immigrant visa. For tax purposes, I am U.S...

Form 8223, form 8316 and form 843 for F-1 student (India) [ 1 Answers ]

Hi, I am an International student (from India) doing my MS in Computer Science in NY. I worked for a month on CPT in 2009 and I got a w-2 form from my employer recently. And I realized that my employer did withheld Medicare Tax and social Security Tax. And I asked him to refund the SS Tax and...

Could the brains electric activities form a cohesive and lasting form? [ 2 Answers ]

Since all ‘forms’ are constructed by the electro-magnetic processes of attraction and repulsion, is it possible that the electrical patterns formed in the brain during life could hold their ‘form’, when the flesh is no longer there? It seems to me, knowing very little about the subject, that...

Form 1099 received, but do I report on Form 1040 or just Form 2106? [ 1 Answers ]

Greetings. I'm hoping I can get some help on what to do with a 1099-MISC form I received from my employer that were for business expense reimbursements. I have read through some questions and answers already and based on them I'm going to file this as a Form 2106. The question is should I...


View more questions Search