An H1 visa is a document that is highly sought after by U.S. employers and foreign professionals due to the benefits they offer. This is a type of non-immigrant visa that is intended for any worker who possesses specialty skills that require advanced degrees. While getting these visas is challenging, another factor that can be difficult is tax time. Some tips to help with H1 tax filing in Edison can be found here.
Generally speaking, U.S. resident aliens are allowed to utilize the same statuses for filing and can claim all the same deductions that are provided to citizens of the United States.
Exemptions
A resident of the U.S. can claim various exemptions for their dependents, as well as a personal exemption according to the dependency laws in place. Non-residents are only able to claim personal exemption or an exemption for their spouse if they are married and filing separately (if the spouse does not have any income and is not filing their own tax return.)
Deductions
Another consideration for H1 tax filing in Edison is that resident aliens in the U.S. can claim the exact same itemized deductions that citizens of the U.S. can by using the Schedule-A from the Form 1040. The deductions that are allowed include certain dental and medical expenses, interest paid on a home mortgage, real estate taxes, local and state income taxes, theft and casualty losses, charitable contributions and various miscellaneous deductions. Keep in mind, dual-status and non-resident aliens aren’t allowed to claim the standard deduction and have itemized to claim any deductions.
In most cases, when it comes to H1 tax filing in Edison it is best to contact the professionals for help. They can ensure that a person gets the assistance they need to ensure all their tax forms are accurate and correct.
Find out more about H1 taxes by visiting the Work My Taxes website.
