Iamgroot123
Returning Member

Indian citizen having W2 and 1099 forms

Hi,

I along with my family relocated from the US in 2021. It has been more than 18 months since we relocated. My wife and I are Indian citizens, kids are US citizens. I am filing the taxes as I have company RSU account, trading accounts etc.

* I am planning to file as married-jointly. Is that correct?

* Can I claim standard deductions ($25,100) if I am not in the US during the entire financial year? Read somewhere it is $5,000 for folks in my situation.

* Can I claim child tax credit if I am not in the US during the entire financial year? ($2,000 per kid?)

* Do I have to declare my Indian savings accounts in FBAR?

 

Thanks,

/M