Bill > S2940

This bill, known as the "OPT Fair Tax Act", proposes to modify the Internal Revenue Code and Social Security Act to change how Optional Practical Training (OPT) for F-1 visa holders is treated for tax purposes. Currently, certain types of employment by nonimmigrant students are excluded from taxation, but this bill would specifically remove the exemption for F-1 visa students participating in OPT, meaning these students would now be subject to Federal Insurance Contribution Act (FICA) and Social Security taxes. OPT is a program that allows international students in the United States to work in their field of study for a limited time after completing their academic degree. The changes would apply to services performed in calendar months beginning after the date the Act is enacted. By removing the existing exemption, the bill would require F-1 visa students on OPT to pay the same payroll taxes as other workers, potentially increasing their financial obligations during this transitional period of their professional development.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/2940/all-info