Calling on all Americans in India

raju · Oct 13th, 2006, 23:01

If you are an American citizen living in India, this is to alert you that the US Treasury has just issued new guidelines on how much of your housing costs could be deducted against taxes. They have listed a new set of countries that they feel are high-cost from a housing perspective but excluded India entirely. What this means is that only $11,536 per year can be excluded from income taxes on the first $24,720 of housing assistance, and nothing above that, even if you are paying or your company is paying for your house rent.
I suspect many of you pay more rent than this in Delhi (those of you who don't please don't react to this part).
See full details of the guidelinies at (http://www.treas.gov/press/releases/hp133.htm)
Anyway, the US Treasury is seeking comments from US citizens and there is some hope that if enough people weigh in, they could include high-cost places like Delhi and Mumbai.
Please email your comments to notice.comments@irscounsel.tre as.gov and include notice number (2006-87)in the subject line.
Thanks
Raju

rab · Oct 14th, 2006, 14:01

????????

dzibead · Oct 14th, 2006, 15:23

Quote:

Originally Posted by rab

????????

Why the question marks? This is appropriately in the Expat Area and is directed at American citizens working in India who are allowed to use a certain portion of their housing expenses as a tax deduction because the expense is attributable to their working abroad. These expenses may be in addition to a home maintained in the U.S., and the only reason the additional expense is incurred is because the person has been assigned to work out of the U.S., away from their regular home.

rab · Oct 14th, 2006, 15:53

Oh ok thanks

Nick-H · Oct 14th, 2006, 19:58

All part of IndiMike's rich tapestry of information

Sama · Oct 14th, 2006, 22:08

it's just all those lovely tax rules that Americans have to live with, rab......

and don't get me started on Haliburton.....

Nick-H · Oct 14th, 2006, 22:32

I always think that's the vitamin stuff I had forced down me as a child --- haliboringe, maybe

But hey! Just think of all the free health care and welfare stuff you americans get for your taxes....

What's that?

You don't???

Sama · Oct 14th, 2006, 22:36

it's not PC to say "welfare" anymore, Nick.....

Nick-H · Oct 14th, 2006, 22:56

Could I say it if I was using a MAC?

Thanks. What's it called these days?

dzibead · Oct 14th, 2006, 23:43

Quote:

Originally Posted by Nick-H

But hey! Just think of all the free health care and welfare stuff you americans get for your taxes....

Health care and welfare stuff? Pfft! Who needs that? We get whole countries for our tax dollars ... or at least the bombed-out, completely destroyed and disfunctional shells of whole countries ...

Sigh.

Nick-H · Oct 15th, 2006, 00:02

I don't know whether to laugh or cry at that brilliant and horribly true response.

or maybe just

!

dzibead · Oct 15th, 2006, 00:15

Quote:

Originally Posted by Nick-H

I don't know whether to laugh or cry at that brilliant and horribly true response.

or maybe just

!

Compared to our particular "Uhmurrican" brand as currently practiced, British Imperialism, in retrospect, is starting to look almost good. How sad is that?

Oct 13th, 2006, 23:01	#1
raju Member Join Date: Jun 2006 Location: delhi Posts: 14	Calling on all Americans in India If you are an American citizen living in India, this is to alert you that the US Treasury has just issued new guidelines on how much of your housing costs could be deducted against taxes. They have listed a new set of countries that they feel are high-cost from a housing perspective but excluded India entirely. What this means is that only $11,536 per year can be excluded from income taxes on the first $24,720 of housing assistance, and nothing above that, even if you are paying or your company is paying for your house rent. I suspect many of you pay more rent than this in Delhi (those of you who don't please don't react to this part). See full details of the guidelinies at (http://www.treas.gov/press/releases/hp133.htm) Anyway, the US Treasury is seeking comments from US citizens and there is some hope that if enough people weigh in, they could include high-cost places like Delhi and Mumbai. Please email your comments to notice.comments@irscounsel.tre as.gov and include notice number (2006-87)in the subject line. Thanks Raju

Oct 14th, 2006, 14:01	#2
rab Honorary Mod Join Date: Sep 2001 Location: McLaren Vale, South Australia Posts: 1,214	???????? __________________ IndiaMike Mod Team (The Honorary One)

Oct 14th, 2006, 19:58	#5
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 25,853	All part of IndiMike's rich tapestry of information __________________ . Just one member of the IndiaMike Mod Team

Oct 14th, 2006, 22:08	#6
Sama a pain in the asana Join Date: Mar 2005 Location: the India inside my heart Posts: 5,203	it's just all those lovely tax rules that Americans have to live with, rab...... and don't get me started on Haliburton..... __________________ *My India, 2005-2008*

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Oct 14th, 2006, 15:53	#4
rab Honorary Mod Join Date: Sep 2001 Location: McLaren Vale, South Australia Posts: 1,214	Oh ok thanks

Oct 14th, 2006, 22:32	#7
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 25,853	I always think that's the vitamin stuff I had forced down me as a child --- haliboringe, maybe But hey! Just think of all the free health care and welfare stuff you americans get for your taxes.... What's that? You don't???

Oct 14th, 2006, 22:36	#8
Sama a pain in the asana Join Date: Mar 2005 Location: the India inside my heart Posts: 5,203	it's not PC to say "welfare" anymore, Nick.....

Oct 14th, 2006, 22:56	#9
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 25,853	Could I say it if I was using a MAC? Thanks. What's it called these days?

Oct 15th, 2006, 00:02	#11
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 25,853	I don't know whether to laugh or cry at that brilliant and horribly true response. or maybe just !

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