Please Help .. Questions About Dependents & Education Loan

[Mr_PapaRayudu]

Maa thammudu ee year US ki MS cheyadaniki vasthunnadu ee fall ki. I am working in one state and he will be pursueing his MS in a different state.

 

So my questions :

 

1) Can I claim him as my dependent on my tax filings next year as he will be coming on F1 visa and as I plan to fund him for his expenses.?

 

2) Can I get a bank loan for his education ? FYI My visa status is H1. I am not a green card holder.

 

Let me know if there is any other additional information I need to know.

 

Thanks

[foru]

no i dnt think so. but i am not 100% sure. 

[Rendu]

Ledu....only gc or citizen....for educational loan

[KaskaMiska]

Maa thammudu ee year US ki MS cheyadaniki vasthunnadu ee fall ki. I am working in one state and he will be pursueing his MS in a different state.

 

So my questions :

 

1) Can I claim him as my dependent on my tax filings next year as he will be coming on F1 visa and as I plan to fund him for his expenses.?

 

2) Can I get a bank loan for his education ? FYI My visa status is H1. I am not a green card holder.

 

Let me know if there is any other additional information I need to know.

 

Thanks

 

1) Nope
2) lite thisukovachu..unless you have exceptional credit score and long history

[Mr_PapaRayudu]

1) Nope
2) lite thisukovachu..unless you have exceptional credit score and long history

 

My take on Question 1 is this way... H4 meedha wife ni dependent ga theesuku vastharu kada .. and some of them convert to F1 for education purpose, but they still remain as dependents right ?? I don't know the answer to this question.. naaku inka pelli kaaledhu.... So vallu dependent ga claim chesthunte nenu yendhuku claim cheyalenu ani naa doubt.

 

2) Education meeda loan Visa status meedha dependent aa .. if so on my current H1 I have 5 1/2 years left to pay that loan back.

[Mr_PapaRayudu]

I think married uncles who are funding their Wife's education can better answer my questions I guess.

[Mr_PapaRayudu]

Ledu....only gc or citizen....for educational loan

 

If not direct educational loan.... Is any other loan possible, other Auto loan ?

[k2s]

1) no
2) yes

[Rendu]

If not direct educational loan.... Is any other loan possible, other Auto loan ?

Nenu loan tesukunnapudu....gc or citizen requirement vundi.....I got it for 3.99. .... nenu chase nunchi loan tesukunnanu...all other loans depends on your credit history.....

[KaskaMiska]

My take on Question 1 is this way... H4 meedha wife ni dependent ga theesuku vastharu kada .. and some of them convert to F1 for education purpose, but they still remain as dependents right ?? I don't know the answer to this question.. naaku inka pelli kaaledhu.... So vallu dependent ga claim chesthunte nenu yendhuku claim cheyalenu ani naa doubt.

 

2) Education meeda loan Visa status meedha dependent aa .. if so on my current H1 I have 5 1/2 years left to pay that loan back.

 

sorry, I take that back. cheyochu anta brother ki if he meets few requirements(ssn vundali etc etc). Contact tax agent
 

[KaskaMiska]

My take on Question 1 is this way... H4 meedha wife ni dependent ga theesuku vastharu kada .. and some of them convert to F1 for education purpose, but they still remain as dependents right ?? I don't know the answer to this question.. naaku inka pelli kaaledhu.... So vallu dependent ga claim chesthunte nenu yendhuku claim cheyalenu ani naa doubt.

 

2) Education meeda loan Visa status meedha dependent aa .. if so on my current H1 I have 5 1/2 years left to pay that loan back.

 

h1 meedha loan usual ga ivvaru endhuku ante nuvvu ikkade vuntav ani nammakam ledhu kadha ..

[accuman]

Education loan provided to gcs and cits only. But nee credit history bagunte line of credit ani vuntadi. U can apply for that kaani daaniki 30k isthadu. Discovery vaadu isthadu. Tax lo chupetta vacchu. Talk to Telugu CPA. Ivi anni kaadu ante naa best suggestion ind lo loan teesukovatam. Ind lo kuda ippudu baga isthunnaru

[Mr_PapaRayudu]

sorry, I take that back. cheyochu anta brother ki if he meets few requirements(ssn vundali etc etc). Contact tax agent
 

 

Sure.. Kaani I want to change my options at my work for tax purpose. so naa deductions takkuva avuthayi ani.

[Mr_PapaRayudu]

Education loan provided to gcs and cits only. But nee credit history bagunte line of credit ani vuntadi. U can apply for that kaani daaniki 30k isthadu. Discovery vaadu isthadu. Tax lo chupetta vacchu. Talk to Telugu CPA. Ivi anni kaadu ante naa best suggestion ind lo loan teesukovatam. Ind lo kuda ippudu baga isthunnaru

 

Manaki 20 K isthe chaalu... mari yekkuva akkarledhu... Loan theesukunte .. vadi MS taravata vade kattukovachu kada ani naa plan .... India lo kanna ikkada interest rate takkuva ani vinnanu andhuku... and we can claim that amount in Tax filings.. andhuku ikkada loan kosam ani trying....

 

Manam India lo theeskunte ikkada Tax filings lo apply cheyalemu... cheyali anukunna chala thathangam vuntadhi .. andhuke ikkada prefere chesthunna...