Social security taxes

B

babumoshai

Registered Users (C)
Hello everyone:
Nowadays a lot of people are wondering about returning back to their home country after working here for duration of H1 visa, which is 6 years. Some people because they fail to get green card, others because of other personal reasons. I wanted to start a thread for people who want to go back and want to get their social security taxes money back which they paid for the last x years they were here. What are peoples thoughts? What can we do to get that money back. Please post your thoughts on this matter here. The deductions are about 6.5% of salary, so its a substantial amount of money if you have worked for even a year on H1. If you have worked for six or more years on H1, then its surely a lot of money, specially if you convert it to rupees. I had called the IRS to ask about this and they said that they cannot do anything in this. Specially India doesnt have a treaty where they can put all the money in the provident fund in India. Some European countries do have a treaty. I strongly think that people who care about this should do something about this.
If there is lot of interest all of us could do something about this.
Please support this cause and write back.
Thanks
 
13%

babumoshai said:
Hello everyone:
Nowadays a lot of people are wondering about returning back to their home country after working here for duration of H1 visa, which is 6 years. Some people because they fail to get green card, others because of other personal reasons. I wanted to start a thread for people who want to go back and want to get their social security taxes money back which they paid for the last x years they were here. What are peoples thoughts? What can we do to get that money back. Please post your thoughts on this matter here. The deductions are about 6.5% of salary, so its a substantial amount of money if you have worked for even a year on H1. If you have worked for six or more years on H1, then its surely a lot of money, specially if you convert it to rupees. I had called the IRS to ask about this and they said that they cannot do anything in this. Specially India doesnt have a treaty where they can put all the money in the provident fund in India. Some European countries do have a treaty. I strongly think that people who care about this should do something about this.
If there is lot of interest all of us could do something about this.
Please support this cause and write back.
Thanks
Click to expand...

Actually 13%, where employeer have to match the amount.
 
Employee 6.2%
Employer 6.2%

Where did you get the 13% and 6.5 % from?
SS taxes of H1's are a boon to the US social security. That is the main reason Employment visas are so open in this country.

There is no way currently to get back your ss taxes unless you live in the US after 65
 
I thought one can get the SS benefits after one has worked for 40 quarters (10 years) even if one leaves US. And those who are returning before working 10 years lose their contributions. Correct me if I'm wrong.
 
I believe that's correct.

sra123 said:
I thought one can get the SS benefits after one has worked for 40 quarters (10 years) even if one leaves US. And those who are returning before working 10 years lose their contributions. Correct me if I'm wrong.
Click to expand...
 
Is it necessary that the person has to be a GC holder or a citizen after 58.5 years, even if eligible to collect SS (paid SS for 10 years while working)?
 
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