Your US Tax Residency Status Explained
Resident or Nonresident – this is the question!
Determining your tax residency status is important, as it will decide how much tax you must pay while in the US.
The most common mistake nonresidents make is filing their taxes as a resident. If a nonresident files as a resident they can claim benefits and receive refunds that they’re not entitled to. Incorrect filing breaks the terms and conditions of a nonresident visa, this can lead to fines and penalties and you may also jeopardise your future visa or green card applications.
In this article, we will discuss everything you need to know about your residency and how you can determine your residency status.
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