turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Question about the $5000 tax exempt according to the U.S China tax treaty

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?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DMarkM1
Expert Alumni

Question about the $5000 tax exempt according to the U.S China tax treaty

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
DMarkM1
Expert Alumni

Question about the $5000 tax exempt according to the U.S China tax treaty

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Question about the $5000 tax exempt according to the U.S China tax treaty

Thank you so much for your help!!!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question