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Tax in USA for H1B holder

 
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Hi All,

Currently, I'm in the process of H1B preparation since I already got a job in USA. May I know how much is the tax in USA? Could anyone give brief explanation about tax in USA for H1B holder?
Thanks in advance.
 
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Taxes for H1B holders aren't different than taxes for anybody else. A rough estimate can be gotten from the tax tables, which you'll find here under "1040 Tax Table". Some exemptions and deductions will lower your taxable salary, though. For a more complete picture, download the various forms, schedules and instructions associated with "Form 1040" from this page.
 
Hendy Setyo Mulyo
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Hi Ulf,

Thanks for the URL. I heard from my friend who had worked in USA for about 1 year that the tax in USA is refundable. Is that correct? Could you give brief explanation about this since I still unfamiliar with 'tax' things in USA.
Thanks a lot.
 
Ulf Dittmer
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I'm not sure what your friends means by "refundable". You pay it, and it's gone, to be used as the government sees fit. Who would refund it, and why?
 
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It is not refundable all the time. At the end of the fiscal year, you get a W2 form that shows the amount of taxes that were witheld from you. Then you work out the sheet provided with your 1040 to see how much you actually owe - sometimes, you have paid extra taxes(maybe due to lot of bonuses), sometimes, your deductions might be higher due to a lot of tax breaks - these kind of things will help you to get a refund for the amount you overpaid.
It really is a case-to-case issue.
Hope that helps!
Amit
 
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