Hello I'm an international student and resident alien. This is my first year doing the tax report and I have some questions about the $5000 tax exempt according to the U.S China tax treaty.
I've worked in two different institutes this year and I've received two W-2 forms. For the first insitutue I worked in this summer, the W-2 form shows a total income of $5344.70, but it only shows $344 in the BOX.1 (Box 1 - Wages, tips, other compensation) of W-2 form and shows $5344.70 in the Box.3 (Social Security wages).
When I upload this W-2 form in the turbotax system, it only counts the $344 in the Box.1 as my income. I'm a bit confused about this, does this mean that the W-2 form from the first institute I worked this year had already deduct the tax-free $5000 dollars for me or I can still have another $5000 dollars exempt from tax? If I can have another $5000 exempt from tax, how should I apply for this in my tax report?
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Your W2 has already exempted the $5000 from taxable income by excluding it from box 1. Just enter the Form W2 information to match your copy into the "Income" tab "Job W2" topic.
Your W2 has already exempted the $5000 from taxable income by excluding it from box 1. Just enter the Form W2 information to match your copy into the "Income" tab "Job W2" topic.
Thank you so much for your help!!!
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