Personal Finance information
We have looked at topics on how foreigners like H1B, H4, L1 are classified for Taxation in US , including FAQs like Why File, Penalty. In this article, we discuss important tax dates, the tax rates and related numbers that you may need to prepare your 2021 income tax return. These are the applicable numbers for …
In the last article, we have covered the tax classification of resident vs non-resident alien, filing status info. In this article, we will cover how H1B visa holder would file taxes for H4 spouse and dependent children, including benefits and other FAQs. What are the various tax benefits that a H1B visa holder claim? In …
In our previous article on taxes, we discussed on how not filing taxes and returns can be evil and many FAQs on Filing Taxes as International. In this article, we will discuss more around how foreigners are classified for tax purposes and what the filing status would be and some benefits around same, including forms that …
There’s a saying that “two things are certain in life, death and taxes”. Well it is true, and some people do think that is a necessary evil. Though they may not be evil till we realize their importance. If you are filing Taxes as Dependent on H4 or other visa by applying ITIN Number, many …
As we all know that H4 visa holders are not eligible to have a Social Security Number (SSN), but for filing U.S. tax returns and claiming them dependent on H1 visa holders, they do require a unique identification number, which is called Individual Taxpayer Identification Number (ITIN). On H4 visa, me and my daughter (18 months) …
Who doesn’t love to save money? When we come to new country like America, as an Immigrant or on H1B Visa, that is totally new place, we obviously don’t know much about the place and how we can save money. We only know what we learn from others or explore ourselves. If you are from …
In US, credit score can either be a boon or a bane. Having a good credit score opens up access to cheaper mortgage rates, better credit cards and comfortable auto loans. Absence of one can cause the opposite. As an immigrant, one has no prior credit history. Lack of credit history is not seen favorably …
Credit card payments can be very tricky…you can end up paying lot of late fee, if you miss the actual deadline. I am not a big fan of auto payments for credit cards, so I have a reminder on my calendar to pay credit cards on a certain day of the month…occasionally, I tend to …
Few years ago, when I came to US for the first time, I got a check payable to my university in dollars towards tuition fee from an Indian Bank…As I got scholarship, few thousand dollars from the check I got were refunded…I was really excited to send some money home, you know how that feels …
Recently, I wrote an article on the best way to pay off your education loan after Job. If you have read it, I have mentioned, I took a $25,000 loan in US and sent it to home country to save good amount of money. The question that might have come to your mind is, Where …