How do new immigrants avoid taxes reasonably in the United States?

First, it is suggested that new immigrants to the United States should consider paying social security medical tax when they get a permanent green card. Social security medical tax is very important in America. If you want to enjoy the US government pension and free medical insurance when you retire, you must accumulate 10 years and 40 points to enjoy it.

Second, the loan to buy a house. From two aspects, a loan is a good thing, because it is a lever to buy your own house with other people's money, and the interest on the loan can be deducted. But the bank mainly depends on the ability to repay the loan. When making a loan, the bank will generally ask for your tax bill. The income of new immigrants is usually not very high, so once you report the tax, the income on the tax bill is relatively low, and usually the bank will refuse. If you want to get a loan, it is recommended to get a loan before tax return. Of course, if you buy a house in cash, there is no such problem.

Third, whole life insurance. There are few tax-saving places in the United States, and life insurance is one of them. If the amount you want to buy is relatively large, one of the principles of insurance company underwriting is that you have enough income. After the income is large enough, the insured amount is a multiple of your income. For example, 20 years old may be 30 times your income, 30-40 years old may be 25 times your income, and 40-50 years old may be 20 times. Or if you have enough assets, the insurance company will give you double assets. So if your income is not high enough and you want to buy a large insurance policy, you must do it before filing your tax returns, because the insurance company may also adjust your bank's tax bill. For details, please consult Guangzhou Austar Immigrants.