Good morning wonderful people!
Hope you are all doing well? This blog post is in response to a question on how to file taxes for F1 students from awesome blog reader, Amarchi! Filing taxes can be VERY daunting and scary but it doesn’t always have to be. Personally, I do not file my own taxes, call it the perks having accountants in my family 🙂
But, for F1 students especially it can be very confusing to know if you should file or not. Every international student has a unique experience in America. Due to that uniqueness, one size doesn’t fit all. I do pride myself in trying to be as honest and as transparent as possible. I do not want to intentionally give any kind of information that may be misleading. Therefore, I advice that if you are an international student and you do not know whether to file your taxes, go talk to the Non-Resident Alien Taxation Specialist at your school. Can’t find them? Start by asking your international advisor. If you want to double-check feel free to contact tax companies like H&R block or Turbo tax. For more information please visit this link irs.gov. It takes you directly to the information and exceptions on filing taxes!
Some general information though:
- If you work in America and make American dollars you are expected to file unless make below the tax pay cut off.
- Students may be exempt from filing for taxes. (There are exceptions for this)
- If you have been paying tithes, your church should have your statement. You can ask them for it when you decide to file.
- Last day to file is April 18th! (2 days after my birthday!!!)
I should also add some of the misconceptions about filing taxes that I have fallen prey to:
- You always get money back: Not only is this not always true but sometimes you may actually owe the government money! 2 years ago a friend of mine found out after filing her taxes that she and her husband owed the government $4,000.
- You always get a chunk of money back: Sometimes you may get less than you expect. Some years ago I had filed my taxes and I was expecting $1,000 back, at least. BARE MINIMUM. I was judging on how much I received from my tax return the year prior. You know how much I got back? $160.00 I was so shockedddd LOL.
Hopefully these resources help 🙂 🙂