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View Full Version : Taxes on H1B. Please Help !!!


nikhilraj
12-28-2006, 03:52 PM
I work in california under H1B visa and i am single. Below are the taxes being cutdown. Total tax with held in my paycheck is 40%. Is there any way to reduce this taxes ?
Can anyone tell me what percentage of taxes will be cut or where can i find the percentage for the below tax breakdown.

FED TX Withholding Tax
FED TX Social Security
FED TX Medicare Tax
CA TX Withholding Tax
CA TX Disability Tax

Thank you.

leifbooger
01-24-2007, 03:36 PM
easiest way to reduce taxes.. move to a state with no state tax e.g. Texas

InfoMan
04-16-2007, 01:43 AM
There are many ways to reduce your taxes, but not all apply to everyone. You should take advice from tax professional for this, it is worth.

Click here to see some ways to cut your taxes. (http://tax1040.blogspot.com/2007/04/what-are-ways-to-cut-taxes.html)

Not all of your income is taxed at some fixed rate! It is always in incremental steps.
To find about your income, tax percentage and tax backet, click here (http://tax1040.blogspot.com/2007/04/what-is-my-income-tax-bracket-how-much.html).

Hoep this helps.