What do you know about American immigration tax returns?

Taxpayers and non-residents in the United States pay taxes very differently. For residents, global income is taxed in the United States, while for non-residents, only income from the United States is taxed in the United States.

What are American taxpayers and non-residents?

Residents: Anyone who is an American citizen, holds an American green card or has lived in the United States for more than 183 days becomes an American taxpayer. The weighted calculation method of 183 days: the number of days in the United States this year (at least 3 1 day) +65438+ 0.3 of the number of days in the United States last year+65438+0.6 of the number of days in the United States the year before. If the calculation result exceeds 183 days, you will become a tax resident in the United States, and your global income will be taxed in the United States.

Non-resident: If the above conditions are not met, but there is income from the United States, then only income from the United States needs to be taxed in the United States.

What is the tax rate in the United States?

The federal tax rate is divided into seven grades, namely 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.

Income tax includes: first, labor income, such as wages, bonuses, industrial and commercial income; Second, non-labor income, including rent, investment income and limited partnership income; Third, cancel the retirement plan.

In terms of investment income, it is divided into long-term investment and short-term investment. An investment exceeding 12 months is a long-term investment, and the long-term investment tax rate is 0, 15%, with a maximum of 20%.

12 months or less is short-term investment, and the tax rate of short-term investment income is the same as the above income tax rate, which is a progressive tax system.

How to file tax returns in the United States?

You need to fill in the US Federal Tax Form 1040 for tax declaration. The first part is personal information, such as name, address, social security number, tax declaration status and dependent information. In the United States, the tax declaration status is divided into single, joint declaration by husband and wife, separate declaration by husband and wife, head of household and widowed. Different tax declaration states have different deductions and tax thresholds. Generally speaking, husband and wife jointly declare the most tax-saving.

The first half of the tax bill is a summary of various incomes, including wages, interest, dividends, alimony received by divorced spouses, operating income of self-employed, investment income, pension income, rental income, copyright and patent income, partnership income, company income, trust income, agricultural income, social security welfare income, unemployment benefits and other income. What is other income? Such as gambling income. If you are an American taxpayer, all the income of the whole country will be declared here. The other part of tax return is tax exemption and deduction, that is, calculating all kinds of tax exemption and deduction allowed by law, and calculating the tax amount in the United States that year by subtracting tax exemption and deduction from income and multiplying it by the corresponding tax rate.

1) The relief of foreign wage income is also the largest for new immigrants. If you have worked outside the United States for more than 330 days in the past 12 months, you can deduct the salary of $65438 +00 1 300.

2) Personal deduction. Everyone who appears on the tax bill can deduct $4,050 a year.

3) If you own real estate in the United States, the interest on property tax and loan can also be deducted. When the husband and wife declare jointly, if the income is 0 ~ 18000 USD, the tax rate is 10%, 18000 ~ 75000 USD, and the tax rate is 15%, and so on, the tax rate will reach the highest if it exceeds 466950 USD.

4) If the child is studying in a university or graduate school in the United States, the tuition fee can also be deducted.

There are also some tax deductions, such as foreign tax deduction, dependency tax deduction under 17, education tax deduction and so on.

In addition to federal taxes, if your state has state taxes, you also need to declare them. If you are a resident of a state, global income also needs to pay state tax. If you have investment income in other States, you also need to pay other state taxes in your state. For example, EB-5 investment immigrants, if they live in California and have investment projects from new york, the dividends of the projects need to be taxed in New York State.