如果买了IRA后回国了。59.5岁时能在国内要回这笔钱吗？-第1页

hu_jingli

0操作1 ^#

如果买了IRA后回国了。59.5岁时能在国内要回这笔钱吗？

怎默算税率呢？

I mean traditional IRA.

Because as they said that will depends on the gross income you get in that year from US. If I will live in China which means I have no gross income in US. The rate for getting out my IRA or 401k is 0%??

HuangNiLuo

0操作2 ^#

well, it's early to worry about things in 30-40 years. laws will change.

BTW, for younger people Roth IRA is better than traditional IRA.

hu_jingli

0操作3 ^#

because I decided to buy Roth IRA before. my situation is like, I just started to work in US from July 2004. This year is the first year I fill tax return. I thought I should get refund but I found out I even own them over $300!! So I think maybe I need to change my decision from Roth IRA to traditional IRA so that I can get more tax deductable. The problem is I know the tax rate of me for 2004 is very low(a little over 11%) since the gross income is low. I don't know whether I buy IRA is good idea since I should pay tax when I take that money out when I am 59.5 years old. If that rate is higher than the rate I have now maybe I should not consider traditional IRA. Do you have some suggestions?

HuangNiLuo

0操作4 ^#

first, u must already know the difference about two IRAs:

Roth IRA: use after-tax money, but the return will be tax-free

Traditional IRA: user pre-tax money, no tax before u reach retirement age. but when u retire,i.e. start to take money out of it, u need to pay tax.

Therefore, for 30 years growth/return, Roth IRA is much better. For people who r 10 years or less away from retirement, traditional one is the way to go.

Now come back to tax, did u join 401k program? that will reduce ur tax. And most companies will match some percentage after 1 yr employment(or less). double benefits.

[此贴子已经被作者于2005-3-21 15:34:35编辑过]

hu_jingli

0操作5 ^#

I have 403(b) but no match!!! after deduct my 403(b), my state income tax and other little money. I still owe them!! I always doubt I wrongly fill my form.

Anyway, Thank you very much for your reply.

HuangNiLuo

0操作6 ^#

well, u really need to talk to a CPA to plan ur tax. For people with no house, no kid and little investment, there're not much to deduct. CPA can tell u what deduction u may have missed and how you should plan for ur future, e.g. buying a house...

hu_jingli

0操作7 ^#

buying a house!! that is too far away for me.

Hai... I thought maybe there has someway I can avoid to pay $300. seems I have to. My salary is already very low I am so unhappy even just thinking I need to pay that money.

Thanks for your answering me so quickly.

HuangNiLuo

0操作8 ^#

以下是引用hu_jingli在2005-3-21 15:51:00的发言：

buying a house!! that is too far away for me.

Hai... I thought maybe there has someway I can avoid to pay $300. seems I have to. My salary is already very low I am so unhappy even just thinking I need to pay that money.

Thanks for your answering me so quickly.

no problem. are u on H1/OPT? did u use the $5000 treaty deduction already?

hu_jingli

0操作9 ^#

I was in my OPT last year but I don't have that $5000 deductable since I changed my status from F2->F1 before.

HuangNiLuo

0操作10 ^#

really?! never heard of this rule. did u find a tax publication said it?

Just did a quick search, china $5000 has the following two restrictions:

b	if within the time limit, the student may claim tax treaty even if s(he) qualifies as "resident alien" for tax purposes but not applicable for permanent resident or immigrant status…standard deduction is lost if treaty is claimed as "resident alien"
c	if treaty benefits are used as a student, they may not be used immediately following as a teacher/researcher

HuangNiLuo

0操作11 ^#

http://www.dbf.state.fl.us/bosp/china.html

INCOME TAX TREATY BETWEEN THE PEOPLE'S REPUBLIC OF CHINA AND THE UNITED STATES
General Effective Date January 1, 1987

Article 20--Students and Trainees

A student, business apprentice or trainee who is, or was immediately before visiting a Contracting State, a resident of the other Contracting State and who is present in the first-mentioned Contracting State solely for the purpose of his education, training or obtaining special technical experience shall be exempt from tax in that Contracting State with respect t

(a) payments received from abroad for the purpose of his maintenance, education, study, research or training;

(b) grants or awards from a government, scientific, educational or other tax-exempt organization; and

(c) income from personal services performed in that Contracting State in an amount not in excess of 5,000 United States dollars or its equivalent in Chinese yuan for any taxable year.

The benefits provided under this Article shall extend only for such period of time as is reasonably necessary to complete the education or training.

hu_jingli

0操作12 ^#

I couldn't find some publication says that F2->F1 don't have that $5000 but my friends similiar as me, changed F2->F1->OPT->H1B told me that. So I belive so.

mimibobof

0操作13 ^#

以下是引用HuangNiLuo在2005-3-21 16:40:00的发言：

http://www.dbf.state.fl.us/bosp/china.html

INCOME TAX TREATY BETWEEN THE PEOPLE'S REPUBLIC OF CHINA AND THE UNITED STATESGeneral Effective Date January 1, 1987

Article 20--Students and Trainees

A student, business apprentice or trainee who is, or was immediately before visiting a Contracting State, a resident of the other Contracting State and who is present in the first-mentioned Contracting State solely for the purpose of his education, training or obtaining special technical experience shall be exempt from tax in that Contracting State with respect t

(a) payments received from abroad for the purpose of his maintenance, education, study, research or training;

(b) grants or awards from a government, scientific, educational or other tax-exempt organization; and

(c) income from personal services performed in that Contracting State in an amount not in excess of 5,000 United States dollars or its equivalent in Chinese yuan for any taxable year.

The benefits provided under this Article shall extend only for such period of time as is reasonably necessary to complete the education or training.

This tells everything. You have to live in China immediately before visiting States, and go to States solely for the purpose of education. Since you had F2 before, your solely purpose was not for education.

[此贴子已经被作者于2005-3-22 10:23:41编辑过]