Tax return and what you can claim?

ROC taxes, overseas payment of taxes, withholding rates, general tax liability issues, and other tax-related matters
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Re: Tax return and what you can claim?

Postby xtrain » 01 Apr 2010, 00:19

TwoTongues wrote:Claim parents over 65? Is that a joke? Even a Westerner? Given my profoundly fucked tax situation this year, I'll claim my mother in a heartbeat and even be willing to dig up my dad and prop him up in the chair next to me, worms and all, like Weekend at Bernies (but not).


I know that I've posted something on this a few years back - all I needed was a copy of their valid passports at that time. Tax officials might ask for evidence that you are actually supporting them, but any money sent back to wherever they are will suffice. It's a rather large deduction, especially if they are both still kicking.
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Re: Tax return and what you can claim?

Postby CraigTPE » 01 Apr 2010, 07:12

The woman at the Xindian tax office across from Carrefour tipped me off on the tax deductions for both my US health insurance premiums and my elderly dad. For the health insurance, I needed a statement from the insurance company in the US showing how much I paid in premiums for the year and a print-out of my policy. For my dad, I needed my birth certificate, which shows his name and birth date and a copy of a recent utility bill with his name on it. A friend of mine has been claiming his parents as deductions for years.
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Re: Tax return and what you can claim?

Postby Icon » 01 Apr 2010, 10:39

CraigTPE wrote:The woman at the Xindian tax office across from Carrefour tipped me off on the tax deductions for both my US health insurance premiums and my elderly dad. For the health insurance, I needed a statement from the insurance company in the US showing how much I paid in premiums for the year and a print-out of my policy. For my dad, I needed my birth certificate, which shows his name and birth date and a copy of a recent utility bill with his name on it. A friend of mine has been claiming his parents as deductions for years.


Yep, she's really nice. She gave me a list of all the deductions possible -single space, very small letters, like Arial 4. You can claim money you send home, you can state that your underage or still in school -including college- siblings as deductibles...
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Re: Tax return and what you can claim?

Postby cranky laowai » 26 Jan 2011, 15:39

CraigTPE wrote: For my dad, I needed my birth certificate, which shows his name and birth date and a copy of a recent utility bill with his name on it. A friend of mine has been claiming his parents as deductions for years.

As I discovered, to my relief, the tax deduction for parents can also be applied retroactively for several years. So if you have been living here for years but not applied for this before you can get back a sizable amount the first time you apply. Some tax officials, however, want something more formal than a utility bill. Medicaid statements (which come from the U.S. federal government) worked well for me.
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Re: Tax return and what you can claim?

Postby andrew1967 » 14 Feb 2011, 19:33

To file the tax return:

Income: Witholding tax statements

Exemtions: 77,000 for each dependent (115,500 for who is 70 years of age or over)

Deduction: standard deduction 46,000 for taxpayer without a spouse / 92,000 for taxpayer with a spouse
or
sub-total of Itemized deductions (donations-limit 20% of the gross income, insurance premium-limit 24,000 for each, medical expenses, losses fromdisaters, mortage interest-limit 300,000, rental expenses-limit 120,000)

Special deduction: maxmium 78,000 for each one who has the salary, maximum 25,000 for each one who pay the tuition for college
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Re: Tax return and what you can claim?

Postby th3ic3man0 » 10 Dec 2011, 22:25

are only 65+y/o parents can be included in tax exemptions? because my parents are not yet 65 y/o. but I do remit money to them.
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