Your Life

Your Life

Major life milestones often have a major tax impact. Changes in your marital status, having a baby or adopting a child can have significant impact on your taxes. This is the place to ask questions about dependents, real estate, and other various scenarios that play a significant role in what taxes you pay.

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Pioneer
Posts: 1
Registered: ‎07-06-2017

First Year Election and Joint Returns

Me and my wife are currently in US on F1/F2 visa. We are currently exempt individuals on F1 visa for tax purposes. My H1B is now approved and it will start on Oct 1 as will my wife's H4 visa.
 
We are planning to remain in US this year and next year. 
 
I would like to fully understand if we are eligible for the first year election and will we be able to file joint returns?
 
Also will have to pay social security and medicare on my income from the entire year in that case?