Dear Sir,
I am new to US and under J2, I got my first Salary (Monthly - 7000). It deducted 30%+ taxes. Is it correct? Are there any difference to treat J2 or is it same as
H1?
Thanks,
Bawath
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Dear Sir,
I am new to US and under J2, I got my first Salary (Monthly - 7000). It deducted 30%+ taxes. Is it correct? Are there any difference to treat J2 or is it same as
H1?
Thanks,
Bawath
Bawath:
Off-hand, that sounds about right. You owe a FLAT 4.2% for Social Security and 1.45% for Medicare.
You are at least in the 15% federal tax bracket. It will be higher in 2013 because of your $84,000 annual salary.
Your state tax rate depends on the state, plus there may be local income taxes.
Hi
I moved to US in July 2012 with H1b visa.
Do I need to file the tax and I will considered as resident alien or Non resident alien.
Do Non resident alien have different tax brackets, exemption?
The lynchpin to how you file is your marital status.
Are you married?
Dear Sir,
I am J2 Visa Holder and monthly salary is 7000. Please let me know, how much I have to pay for tax as a percentage.
Thanks,
Urban
Urban:
Are you married? Children?
Yes Married , But no children.
If you are J-2, then your spouse is a J-1.
You will file as a non-resident alien, filing Forms 1040NR. Form 8843 is NOT required of you.
You will pay FICA (Social Security at 4.2% for the rest of 2012 and 6.2% for 2013 and beyond and Medicare at 1.45%), plus state and federal income taxes.
At $7,000 per months, your tax liability will be $16,872 for 2012.
I shall be going with my wife(on h4) to US in February 2013, Can you guys let me know what amount I will get as take home if my salary would be 62400$ per annum?
The FICA rates of 6.2% for Social Security and 1.45% for Medicare are flat tax rates, withheld from each paycheck.
You will be in the 15% marginal tax bracket, so your federal tax liability will be about $5,500. I cannot say about the state without know WHERE you are living and working.
Hi guys, I'll be going to work to California in a couple of months and I'm trying to figure out a ballpark of the taxes I'll have to pay. I'll go with an H1B, I'm married guy and I have one kind (9 years old), annual salary is $120k
Any help would be greatly appreciated!
You will be in the 25% marginal tax bracket.
Based on 2012 tax rates, your federal tyax liability will be about $16,000, while California will be $5,250.
Thank you so much for your quick response, the email notification went directly to my spam folder and I hadn't realized someone answered my question already.
I was just notified a couple of days ago that I'll be on a TN visa rather than an H1B, does that change anything?
Thanks again!
No, not really, as the TN visa is also considered to be a work visa.
Glad to help!
Hi,
I received an offer to move to Louisiana on an H1B visa and I'm trying to calculate my taxes online while negotiating the offer. I'll be traveling with my wife and no children, and my wife doesn't work. I'm negotiating an annual salary between $100k to $120k.
My understanding is that I would be filling as a non-resident alien since I don't have a green card and I wouldn't qualify for passing the substantial presence test.
I found mixed information on whether I can file as married and claim more than 1 withholding allowance, or if I have to file as single since I'm a non resident alien. Can you please explain to me which form do I need to file, whether I can claim allowances for my wife or not, and the percentage of federal tax, state tax, medicare and social security I would have to pay in Louisiana as a non-resident alien on an H1B visa?
Thanks!
John
Actually, you probably WILL file as a residnet alien, because you will file jointly with your wife. Since she does NOT work, that is the MOST advantageous way to file.
If you are married, you can claim MARRIED with TWO allowances on the Form W-4.
Expect to pay about $17,500 in federal income taxes and $3,750 in Louisianan state taxes. The Social Security tax is 6.2% and the Medicare tax is 1.45%, plat percentages taken out of each paycheck.
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