Tax

Tax

Navigate the complex world of U.S. taxation as an international student. Understand your filing obligations, learn about tax treaties, and get guidance on choosing the right forms. Essential information about FICA exemptions and state tax requirements for F-1 students.

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Mine Gur
Mine Gur
Created 1 year ago
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1 month ago In Tax

When is the Deadline?

I am a student, when can i file the tax return? 
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1 month ago In Tax

I have an interest rate income from the saving account. Do I need to pay taxes?

Yes, interest income earned from a savings account is generally considered taxable in the U.S. You must report this income on your tax return, and it may be subject to federal and State income taxes.If you earn more than $10.00 in interest from a financial institution in a year, they are required to send you a Form 1099-INT, which details the interest earned. You will use this informatio
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1 month ago In Tax

I have a passive rental income in the USA. Do I need to pay taxes?

Yes, passive rental income in the USA is subject to taxes. If you own property in the U.S. and earn rental income, you will likely need to pay federal income taxes, and possibly State taxes, on that income. You might also be eligible for tax treaties between your country and the U.S. to avoid double taxation.
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8 months ago In Tax

What is the tax filing deadline?

Tax filing deadline is on April 1st of each year. 
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8 months ago In Tax

I earned no income in the US, do I need to file a tax return?

Yes. You must file a form 8843 with IRS before the deadline. Form 8843 is not an income tax return – it’s a statement required by the U.S. government for certain nonresident aliens who are in the US on F-1, J-1, F-2 or J-2 visas for purposes of the substantial presence test.
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8 months ago In Tax

I am a student visa holder, and my employer deducted Social Security and Medicare (FICA) taxes. Do I need to pay these taxes?

The Internal Revenue Code grants an exemption from social security and Medicare taxes to nonimmigrant students in F-1 status. The exemption period of the F-1 visa is five years from the date of their arrival in the US.
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8 months ago In Tax

I am a student visa holder. Am I a nonresident alien for tax purposes or resident?

You will be considered a United States resident for tax purposes if you meet the substantial presence test for the calendar year. To meet this test, you must be physically present in the United States (U.S.) on at least:31 days during the current year, and183 days during the 3-year period that includes the current year and the 2 years immediately b
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8 months ago In Tax

Is there any min. US source income limit to file taxes in the US?

Yes, there is a minimum income threshold.  Single filers (under 65) must file if their gross income is at least $12,950.  Married couples filing jointly (both under 65) must file if their gross income is at least $25,900.These thresholds can vary depending on your filing status and age, and they are subject to
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8 months ago In Tax

What type of income tax will I have to pay?

You will need to pay tax on wages, salaries, compensation, tips, interest, some scholarships, fellowship grants, and awards.
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8 months ago In Tax

As a student visa holder do I need to file a tax to the US Tax Authorities?

An international student will be taxed in the same manner as a non-resident alien for US federal income tax purposes, which means that they will be taxed only on US-source income.If you had US-source income, such as wages from a job in the US, scholarships, or certain types of grants, you may need to file taxes even if you are a non-resident alien.