FICA refund for F1 visa / OPT / CPT students

IRS Guideline: Social Security/Medicare and Self-Employment Tax Liability of Foreign Students, Scholars, Teachers, Researchers, and Trainees What is FICA? FICA is the abbreviation of the Federal Insurance Contribution Act. The FICA tax is a United States federal payroll tax administered to both employees and employers to fund Medicare and Social Security. This means that when you … Continue reading FICA refund for F1 visa / OPT / CPT students

Electric Vehicle Tax Credits for international students in the US

International students on F1 visa (OPT/CPT) or J1 visa are eligible for electric car tax credit. Students now have another reason to buy a car in the US. Beginning in 2010, the federal government implemented a program that offers up to $7500 in tax credits to purchasers of electric vehicles. The purpose of the program is … Continue reading Electric Vehicle Tax Credits for international students in the US

Residency status for F1 visa international students on OPT/CPT using Substantial Presence Test

When filing for taxes in the US, international students can be considered as either ‘non-residents aliens’ or ‘resident for tax purposes’. Your residency status as a student on F1 or J visa depends on your immigration status and how long you’ve lived in the US.Note - Individuals who are considered as exempt [visa type F1 … Continue reading Residency status for F1 visa international students on OPT/CPT using Substantial Presence Test