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 ?
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