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

    May 23, 2007, 08:34 PM
    Taxes cut during OPT and H1B
    If I earn $60,000 a year or $30/hr during OPT , how much do I get after the taxes, in my hand ? How is Per Diem calculated ? And so how much do I get during H1b status ?

    Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    May 25, 2007, 11:41 AM
    Assuming you are single, your federal income tax liability will be about $9,400.

    Per diem rates are published by the IRS. You can access them at Internal Revenue Service (IRS Pub 1542).

    When you switch to H-1B status, you become liable for Social Security and Medicare taxes. The flat tax rates ate 6.2% for SS and 1.45% for Medicare.
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