I came US in March'2015. My spouse and a 2 year old kid joined me in August'2015. I did not submit W4 form to get the Tax benefit yet. Now my family has to go back to my native country by first week of December. I have below queries:
1) Will I get Tax Benefit for the time my dependents were here?====>What is your visa status?? You can be both a nonresident alien and a resident alien during the same tax year 2015 as you arrived in the US in 2015.Say I assume that you are a dual status resident, then, you are allowed exemptions for your spouse and a dependent in figuring taxable income for the part of the year you were a resident alien aslongas you meet the requirement to claim the dependent. However, to claim your child as dependent on your US return, your kid must live in your home for more than half the year of 2015. As a dual status alien, You cannot file a joint return and also cannot use the standard deduction allowed .However, you can itemize certain allowable deductions. However, if you are a US resident I mean a green card holder, then, you may file your return with your spouse as Married filing jointly in this case, you and your spouse must report both US source and world wide income on your US return. As said you can not claim your kid as your dependent UNLESS the kid lived in your home for more than half the year of 2015.
2) Did I loose any money because of not filing W4 or I will get that money when I will file the Tax.=====>> No I do not think so;The W-4 is the form you, as an W2 EE, fill out when you first start to work. It tells your employer your tax filing status and the number of exemptions you want to apply to your federal withholding on your wages. If you are an W2 EE, your employer is required to have you fill out a W-4, and to give you a W-2 at the end of the year.So, You need to provide a W-4 to your employer so that they can calculate your withholding. Dependents claimed on your tax return are often not the same as allowances on the Form W-4. Allowances on the W-4 are designed to reduce your income by the amount of non-taxable income calculated on your tax return.You may claim any number of withholding allowances on W4. But if you claim more allowances on your W4, then, your ER withholds less taxes form your paychecks and you may pay more taxes in your return. However, You Can Adjust Your W-4 Allowances at any time.
3) How much benefit will I get if my dependents will be here till 31st Dec'2015.===>.For 2015, you may claim $4k only for your spouse and as your kid is not your dependent , you can not claim another $4K on your kid. |