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    sr005's Avatar
    sr005 Posts: 1, Reputation: 1
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    #1

    Jan 16, 2007, 05:53 PM
    H1- Tax deductions
    Currently I am on H1. Can I file returns for my social security with hold, medicare money.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 16, 2007, 08:51 PM
    Negative. You became liable to pay Social Security and Medicare taxes the day your H-1 visa was approved. These taxes are flat taxes that are withheld directly from your paycheck.

    There IS a cap on Social Security taxes. The income limit is $94,000 for 2006 and $97,000 for 2007. If you work in two jobs whose combined salary exceed $97,000, then you can request a refund for the excess Social Security withheld on the back of Form 1040.
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