J1 Tax Back » taxes http://www.j1taxback.com j1 tax back online Sun, 13 Jun 2010 20:37:39 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Taxes to claim back on your J1 Visa http://www.j1taxback.com/tax-tips/taxes-on-j1-visa/ http://www.j1taxback.com/tax-tips/taxes-on-j1-visa/#comments Tue, 24 Jun 2008 08:06:40 +0000 J1 Tax Advisor http://www.j1taxback.com/?p=16 So you’ve just been working in the US for the Summer, and now you’ve returned home and are wondering just exactly “What taxes can be claimed back with a J1 ?“. The rules for this are not 100% straight forward but I will try to outline just how you can claim your J1 Taxes. In the US, there are 3 types of income tax, and on your wages slip you should can see up to 4 of the following deductions:

  1. FICA (Social Security Tax, figured at 6.2% of the first $97,500 of wages)
  2. Medicare (health insurance, can be separate depending on your provider, and is 1.45% of all wages)
  3. State tax (taxes that go to the state you live in, some states don’t have this. Rates can vary)
  4. Local tax (taxes that go to the local authorities, like your city that you live in. Rates can vary.)
  5. Federal tax (taxes that go to the federal government, rates depend on your salary.

J1 visa holders are exempt from FICA (Social Security or Medicare) taxes for two years . This more than covers the length that a typical J1 student will stay in the USA. You need to make sure that you are registered as a non-resident. Once you are a non-resident you start to get an exemption on your deductions.On your wages slip you should see itemized deductions.

Start the process

claiming your j1 tax online

Once your return to your home country, it’s possible to file for a return of these taxes. Typical processing time can take up to 2 months, so it’s important that you start your claim as soon as you come back.

]]> http://www.j1taxback.com/tax-tips/taxes-on-j1-visa/feed/ 2 Tax a break from your taxes http://www.j1taxback.com/tax-tips/tax-a-break-from-your-taxes/ http://www.j1taxback.com/tax-tips/tax-a-break-from-your-taxes/#comments Mon, 19 May 2008 16:21:37 +0000 J1 Tax Advisor http://www.j1taxback.com/?p=12 If you need to take a break from doing your taxes then you should take a look at this link. It might help you from going insane while doing your taxes !

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