Personal Finance & Money Asked by gansub on August 30, 2021
Is there any change in the policy of the US Govt that will enable H1 B visa holders from India who have returned home after working six years on the H1B visa a refund of the social security taxes they paid while they were working in the US ?I was advised four years ago that it is an amount that I must forget but recently some progress was made according to this news report – H1B visa social security
I am not asking whether the refund will be made available immediately but the question is will it be available at all or when the individual reaches the age of 65 in India ?
So my case is a little different as I have actually spent 10 years in the US. Fours years on a F1 visa (where I presume I paid taxes) and 6 years on the H1 B visa. So I would appreciate the answer being specific to my case as opposed to a generic answer.
As far as I can tell, the rules have not been changed as of this time.
And: https://www.irs.gov/Individuals/International-Taxpayers/Totalization-Agreements
Anything is possible in the future.
Correct answer by Joe Strazzere on August 30, 2021
These seem changed now from April 2016. Your payments abroad section 5 is split as 5(a) and 5(b). Earlier there was only 5(b) for India where only dependents and survivors were getting the pension. Now the worker himself can also get the pension even as an Indian citizen after 62 yrs and after 40 quarters contribution
Answered by VENKATA on August 30, 2021
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