how much tax (%) do you pay on H1-B visa ?
I was wondering as to how much tax do you generally pay while on H1-B visa ? in % ? state: CA Base: $165k and I pay 36% sign-on bonus: 10k and paid 41% what is wrong ? how it is determined ?
H1b pay same tax as citizens/green card holder depends on tax bracket and before tax deductions. Search “take home pay calculator”, you should get it breakdown. Also, bonus has special tax rate.
Not true if you have dependants without a SSN. Dependants on H4 don't get issued with SSNs. And since last year, less deduction for them without SSNs, hence more tax.
You can apply TIN for them to get appropriate deductions while filling returns.
A lot.
this is not how taxes work. right now the “tax” you see is just your company taking money out of your paycheck for you in preparation of actually paying taxes in April (this is called withholding). bonuses are withheld at a higher rate by default than your regular income, which is why you see 41% for bonus vs 36% for your salary. you configure how much is withheld from your regular paycheck when you fill out the w-4 form. when tax day rolls around, all the withheld amount is in the same bucket and considered income, so if you withheld too much, you’ll get a refund when you file your tax return. if you didn’t withhold enough, you’ll have to pay extra (with penalty if you there’s a large delta).
So in general, for immigrants, on h1-b visa, what are the exact tax brackets ? Or how much they end up paying even after tax-returns.
Same as normal tax brackets
Depends on the state you're in
Posting the breakdown would help. Fed, social, medicare, state taxes
and what the fuck does your visa have to do with paying taxes again?
That would be the difference between being a non-resident alien and a resident alien for tax purposes.
I believe H1b holder is considered as resident. Only exempt visa are F J M and Q