usa taxation for h1 visa holders
2006-10-11 07:00:53 · 7 answers · asked by shaik z 2 in Business & Finance ➔ Taxes ➔ United States
Straight answer: it depends on how much money you earn in the USA, if you are married, and how many children you have. Expect to pay 33% of your income if you make between 200,000 and 300,000. You may pay only about 17% to 22% if you earn between 20,000 and 100,000. There are many ways you may be able to reduce your taxes too.
Compared to Europe and other countries USA taxes are not high.
2006-10-11 07:18:40 · answer #1 · answered by hfsi@flash.net 2 · 0⤊ 2⤋
That will depend upon whether you are considered a resident alien or a non-resident alien. The rules for determining that are pretty straight forward but you should have a look here to make sure that you have the correct status:
http://www.irs.gov/taxtopics/tc851.html
Once you've determined your status, that will determine what type of tax return you will file and whether or not any non-US income must be included in your return. Here's a link to the appropriate document at the Internal Revenue Service website that will help you out a lot:
http://www.irs.gov/publications/p519/index.html
If you have any further questions, you should consult with a tax professional, either a tax attorney or a CPA. You may not get the best advice from the tax perparation chains -- personally I'd avoid them whenever you have non-standard tax questions or problems.
2006-10-11 09:26:49 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Hi!
For H1 you can do stadard deductions like evryone else in the USA. Under the US - India Tax treaty. Make sure you look this up on google.
2006-10-11 07:10:40 · answer #3 · answered by intelneo1977 2 · 0⤊ 2⤋
You pay taxes as an American inlcunding Social Security and FICA, even if you won't benfit from it. Taxes will depend on the income, State, deductions and exemption you can claim.
2006-10-11 07:23:44 · answer #4 · answered by A N 3 · 0⤊ 2⤋
since you are working legally, it all depends on your income braket and the status you file as (single, married, etc.) and yea you will be paying s.s. and all even though you not getting it unless you get green card. you can consult a tax preparer around end of the year to get some estimates
2006-10-11 07:33:57 · answer #5 · answered by Anonymous · 0⤊ 2⤋
we got a trillion dollar debt and every visa holder will be responsible to pay it off. since the debt mostly from protecting your butts
2006-10-11 07:05:13 · answer #6 · answered by vindezeal 3 · 1⤊ 3⤋
simple contact the state department and find out for yourself you people claim to be oh so brilliant.
2006-10-11 07:09:55 · answer #7 · answered by Anonymous · 0⤊ 2⤋