Today is MLK Jr. Day, so all public institutions (including schools) are closed. I decided to spend the morning making a "preliminary" calculation of my income taxes for 2006. Of course, I am waiting for my W-2s, 1099s and other documents before doing the actual work.
1. I am probably due a small refund from the IRS for my federal tax return.
2. But since I am a non-resident alien, and therefore do not qualify for the N.C. standard deduction of $3000 (nobody knows why), I will have to pay the state several hundred dollars.
I will have to check with other second-year VIF teachers that don't have a tax treaty about this. Of course, now that I realize that I might have to pay, I will probably wait until late March before submitting my forms.