PDA

View Full Version : Tax benefit on taking wife and kid


alind
12-22-2000, 05:41 AM
I (H1-B) will be taking my wife and the kid (H4) with me to Florida, what will be the tax on the salary

kripa
12-22-2000, 11:53 AM
Federal tax is compulsory for every one.Its around 22-33% depends on your salary.
for married there are different rates.For your kid you will be getting $500 credit per kid.
For more specific details checkout

www.path2usa.com/CalTax.htm (http://www.path2usa.com/CalTax.htm)

Florida there is no state tax though.

Alind
12-23-2000, 01:40 AM
Thank u, it shows the Federal tax, and as there is no state tax in Florida will there be any more taxes e.g. Social Security, Insurance etc ?

What exactly means $500 credit for child, does it means $500 will be deducted from the total taxable amount or what ?