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    gahda007's Avatar
    gahda007 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 16, 2012, 03:24 PM
    For w-8ben for CPT
    Hi

    I'm an Indian student in the US on an F-1 visa and I need some help filling form W-8BEN as I'm going to be on CPT over the summer and I believe I should be exempt from taxes for the summer.
    Line 10 asks me to enter the treaty number, percent of withholding and type of wage. I know that the treaty article number is 21(2) and that the pay is a stipend but I can't seem to find the details on the percentage of withholding. I would be extremely grateful if someone could help me with that.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    May 16, 2012, 06:02 PM
    You are NOT exempt from income taxes.

    Article 21(2) authorizes you to claim the standard deduction. Combined with your personal exemption, tbe first $9,500 IS tax-exempt, so if the CPT pay is less than $9,500, it will be tax exempt.

    If it is over $9,500, you will pay some taxes.
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