Opt Lo Tax Entha Return Vastundi?

[SAPBIW]

OPT lo Tax cut avutundi kada , Tax return appudu entha return vastundi? Aslu Vastunda? Vaste entha % vastundi... Need inputs from Seniors???

[mrudhula99]

anukuntaam kani pedha gaa em radhuu lee..

[girishv]

a yr lo enni states lo run chesaru ne pay check? nenu ayithe projects kosam 2 states change ayinattu chupincha...moving kosam karchulu ayyayi ani chupisthe...$12K cut ayithe $5.5K return vachindi...

[raaj]

It depends upon how much your pay check runs through out the whole year...... Takuva run ayina vallaki ekuva vachey chances untay.....

Also standard cheste takuva vastayi....itemized cheste koncham ekuva vastayi......

Mosly OPT vallandaru itemized chestaru........ so depends on the way you file ,how you file and with whom you file ....

Future lo IRS tho query lu thalanopuulu enduku anukunte....just standard chesi vachindi tisukodam better......

Idi naaku telsina sangathi.....

[aytida]

OPT lo fed taxes undavu, so nuvvu entha kadthavo Social security ki, state tax ki antha refund avutundhi
That means if you are working at $30/hr*8=240/day
Everything is yours. You dont have to pay any taxes since you are a Exempt professional

[color=#000000][font=Arial, Helvetica, sans-serif]International Student F1 J1 OPT Tax Exemption - International Students are exempt from Social Security and Medicare taxes for a period of Five years, as long as they are a full time student. They still have to pay Federal and State Income Taxes. International Students can file IRS Form 843 and Form 8316 to Claim Social Security and Medicare Tax refund, withheld in error, on wages of a Non Resident Employee in F1, J1 visas or Optional Practical Training Taxes - OPT F1 J1 Tax Refund or F1 J1 Tax back[/font][/color]

[raaj]

Bayya paina Social security ki entha kadthe antha refund avudhi ani chepina statement thapu....Also FED taxes undav ani rasadu kinda description lo ne thanu rasindi thapu ani telustundi......

So,just to be more clear .....that statement is wrong, OPT lo asalu SSN and medicare ki tax undadu

State(if that state has statetax) and Federal taxes rendu kattali......

State mostly motham vachestundi back.....

Fed depends entha cut aindi and tax ela file chestunnavo dani batti vary avudi.....

[girishv]

[quote name='raaj' timestamp='1346109034' post='1302390199']
[b]Bayya paina Social security ki entha kadthe antha refund avudhi ani chepina statement thapu.....just to be more clear .....that statement is wrong, OPT lo asalu SSN and medicare ki tax undadu[/b]

State(if that state has statetax) and Federal

State mostly motham vachestundi back.....

Fed depends entha cut aindi and tax ela file chestunnavo dani batti vary avudi.....
[/quote]

OPT lo social security and medicare tax undadu....only fed and state tax cut avthundi

[aytida]

[quote name='raaj' timestamp='1346109034' post='1302390199']
Bayya paina Social security ki entha kadthe antha refund avudhi ani chepina statement thapu....Also FED taxes undav ani rasadu kinda description lo ne thanu rasindi thapu ani telustundi......

So,just to be more clear .....that statement is wrong, OPT lo asalu SSN and medicare ki tax undadu

State(if that state has statetax) and Federal taxes rendu kattali......

State mostly motham vachestundi back.....

Fed depends entha cut aindi and tax ela file chestunnavo dani batti vary avudi.....
[/quote]

Avunu bhaaya, OPT lo only fed and state tax cut avvudhi
No SSA and Medicare

[abadham]

Overall ga expenses, car, flight fares evani add cheste apart from pay naku oka 5k vachindi..
also manaki entha payroll run avutundi anedi kuda imp...

[Nekuenduku]

OPT or H1B does not do any thing with tax returns, Neku file chesey attorney gadi batti untadi, OPT lo cut avvatamey taxes takkuva cut avutatyi antey.

[SAPBIW]

Thanks all for your inputs.....