Taxes
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Maximizing H1B Visa Tax Deductions: Claiming Education Expenses Made Simple
H1B visa holders can claim tax deductions on education expenses. This article explains how to claim these expenses on taxes…
Investing Options for H1B Visa Holders: IRA and 401(k) Taxation Rules Explained
H1B visa holders can invest in an IRA, but not in a 401(k). Contributions to an IRA are tax-deductible, while…
Tax Implications for H1B Homeowners: Owning Property in the U.S.
H1B visa holders who own property in the U.S. may face tax implications. It is important to understand the tax…
Tax Implications for H1B Visa Holders Applying for Green Card: Changes and Considerations
The tax situation for H1B visa holders changes when they apply for a Green Card. There are significant tax implications…
Understanding the Penalties for Late or Failed Tax Filing as an H1B Visa Holder
H-1B visa workers must file taxes by April 15, 2025, determine residency using the Substantial Presence Test, report foreign assets…
H1B Visa Tax Obligations: Reporting Foreign Income and Assets
H1B holders meeting the Substantial Presence Test must report global income in 2025. They must file FBAR for foreign accounts…
H1B Visa Taxes: Do H1B Visa Holders Pay Social Security and Medicare Taxes?
H1B visa holders are required to pay Social Security and Medicare taxes, just like U.S. citizens and residents. They are…
H1B Visa Holders: Can You File Taxes Jointly With Your Spouse?
H1B visa holders can file taxes jointly with their spouse, allowing them to benefit from joint tax filing. This simplifies…