As a nonresident alien in my first months, am I taxed only on my U.S. income?
Generally yes. While you're a nonresident alien, the U.S. taxes you only on U.S.-source income and income effectively connected with a U.S. trade or business, filing on Form 1040-NR. Wages for work performed in the U.S. are U.S.-source and taxable; your foreign bank interest or home-country salary earned before arrival usually is not. Certain U.S. investment income like dividends may face a flat 30% withholding unless a tax treaty lowers it. Once you pass the substantial presence test or get a green card, this narrow scope expands to worldwide income. Understanding which side of that line you're on drives everything. The IRS describes nonresident taxation in Publication 519 at irs.gov.
Educational disclaimer. Everything on WealthSerene.com is educational and is not investment advice. Projections and calculations are illustrative; actual results depend on market conditions, your situation and factors outside this tool’s scope. For a decision specific to your situation, consult a qualified financial professional. View full disclosures