Hi,I'm in the US on a temporary work permit visa in the US. What are the things that I can take as standard deductions ? Like for example since I'm temporary I can't buy a house but have to pay lots of money in rent. Can I take all that as an itemized deduction ? What other things can I take as deductions ? Will tickets to go to home country will count as itemized decuction ?Thanks for any help.-Ramrkishore@hotmail.com
Unfortunately, there aren't any tax breaks for non US residents. You can still buy a home if you come up with a reasonable down payment or have someone cosign you. When you become a citizen you may encourage your congressman to pass a law to help those peolpe who pay taxes and can't benefit as others do!!
[[I'm in the US on a temporary work permit visa in the US. What are the things that I can take as standard deductions ?]]Go to the IRS web site and read IRS Publications 519 and 901. It'll give you a bunch of information that you'll need in your situation.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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