Thursday, August 19, 2010

Do F1 student needs to pay tax for "California State Tax" on "interest income" from "Saving Account"?

Do F1 student needs to pay tax for "California State Tax" on "interest income" from "Saving Account" (Assuming the F1 Student is at his first 5 years in US)?





From the Federal Tax, the F1 student for the first 5 years is NR status, as the result , he doesn't need to pay tax on interest income to federal.





But how about for the California State Tax?





Thanks

Do F1 student needs to pay tax for "California State Tax" on "interest income" from "Saving Account"?
If you are exempt from US taxes due to a tax treaty, you are exempt from tax at the state level as well. The tax treaty between the US and your home country trump any state rules or laws that conflict with the treaty.


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