Is it optional that you have OASDI/EE taken out of your paycheck.?
NO not optional at all UNLESS you are covered by a similar plan of retirement and insurance plan when working for some government JOBs or a clergy religion that has choose to be covered some other plan or way also by using the correct form for that purpose and time in their life.OK The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing. What does /EE represent or is supposed to mean that you have enclosed above? FICA amounts would be required to be withheld before deductions are withheld out of your Gross wages and earning for each pay period during the tax year RIGHT. FICA stands for "Federal Insurance Contributions Act." It’s the tax withheld from your salary or self-employment income that funds the Social Security and Medicare programs. ssa-custhelp.ssa.gov/app/answers/detail... Hope that you find the above enclosed information useful. 07/10/2013
Tax from my paycheck?
you will get back only what income tax that was withheld that you don't owe single, no dependents your non taxable income is $10K so at this point it appears that $43K is taxable which will be at least $5K income tax look at your pay stub for year to date information and see how much has been withheld (the other taxes are not refundable)
I am being taxed for Social Security (OASDI) and Medicare. I am an F-1 visa student (exempt of these taxes). Will I get that money back in my next tax return or should I do something now?
Both the Internal Revenue Code and the Social Security Act allow an exemption from social security/Medicare taxes to alien students, scholars, teachers, researchers, trainees, physicians, au pairs, summer camp workers, and other nonimmigrants who have entered the United States on F-1, J-1, M-1, Q-1, or Q-2 visas and who are still classified as NONRESIDENT ALIENS under the residency rules of the Internal Revenue Code. As discussed above, this means that foreign students in F-1, J-1, M-1, Q-1 or Q-2 nonimmigrant status who have been in the United States less than 5 calendar years are still NONRESIDENT ALIENS and are still exempt from social security/Medicare taxes. This exemption also applies to any period in which the foreign student is in "practical training" allowed by USCIS, as long as the foreign student is still a NONRESIDENT ALIEN under the Internal Revenue Code. Foreign students in F-1, J-1, M-1, Q-1 or Q-2 nonimmigrant status who have been in the United States more than 5 calendar years are RESIDENT ALIENS and are liable for social security/Medicare taxes.F-visas, J-visas, M-visas, Q-visas. Nonresident Alien students, scholars, professors, teachers, trainees, researchers, physicians, au pairs, summer camp workers, and other aliens temporarily present in the United States in F-1,J-1,M-1, or Q-1/Q-2 nonimmigrant status are exempt on wages paid to them for services performed within the United States as long as such services are allowed by USCIS for these nonimmigrant statuses, and such services are performed to carry out the purposes for which such visas were issued to them.Exempt Employment includes:On-campus student employment up to 20 hours a week (40 hrs during summer vacations).Off-campus student employment allowed by USCIS.Practical Training student employment on or off campus.Employment as professor, teacher or researcher.Employment as a physician, au pair, or summer camp worker.
Do employees who hold a F1 OPT visa need to pay Social Security and medical taxes?
You do not have to pay for Social Security tax/Medicare tax while on F1 status. That means whether you are doing CPT, OPT or on OPT Extension, you do not have to pay those taxes, unless you are in united states for more than 5 years on F1.If your employer is deducting those taxes, you can either request them to not deduct by providing them the proof of being on F1 status or you can claim for refund from IRS by filling “ Form 843, Claim for Refund and Request for Abatement”This exemption comes under “Student Exception to FICA Tax”.Reference:Social Security/Medicare and Self-Employment Tax Liability of Foreign Students, Scholars, Teachers, Researchers, and TraineesStudent Exception to FICA TaxSocial Security Tax / Medicare Tax and Self-Employment ( For filing tax refund, if deducted erroneously by employer)
OASDI and SDI in state of CA , are they mandatory ?If not how to avoid these?
I keep seeing withdrawals for OASDI and SDI since I started work in State of CA on my paycheck . I dont need these . Are these compulsory cuts ..? How can I avoid these , can someone please guide me ?
Question about tax refunds?
This will be my first year filing for a tax return and I know nothing about taxes. I was using the turbo tax site to calculate what i would get back, and for federal withholding I put $1010, thats for the first line of federal withholding on my check stub, but underneath that theres also: MED/EE - TAX AMT: $4.81 | TAX YTD: $161.15 OASDI/EE - TAX AMT: $20.59 | TAX YTD: $689.07 I am unsure if I add the Tax YTD for those to the $1010 estimate or not, they are federal taxation's but I am unsure. Also I've been asked if I had any allowances, i'm not too sure what they are, but from what I understand your marital status and other things effect how many you can take i think but am unsure, I would appreciate if anyone could explain that and what allowances I could take if any. I'm single and my only income is my job and I make about $13K a year. If you need anymore info let me know. Thank you.