OPT Fair Tax Act

This bill, S 2940 (OPT Fair Tax Act), amends U.S. tax law to exclude F-1 visa students participating in optional practical training (OPT) from certain payroll taxes. Specifically, it removes the requirement for employers to withhold Social Security and Medicare taxes (FICA) for these foreign students working in the U.S. under OPT. The change applies to services performed in calendar months after the bill’s enactment. This directly affects international students on OPT, who are currently subject to these taxes under current law.