I'm retired, do I have to file an income tax return?

I'm retired, do I have to file an income tax return?
by

1 Answer

Answer :

If you are retired and are drawing Social Security, as long as you draw less than 50,000$ a year you do not need to file a tax return.
by

Related questions

I'm a retired and my ssa income is low, Do I need to file?

Description : I'm a retired and my ssa income is low, Do I need to file?

Last Answer : Does low income retiree need to file income tax?

Are illegal immigrants required to file an income tax return?

Description : Are illegal immigrants required to file an income tax return?

Last Answer : Illegal immigrants don't file. Remember they are hiding from the government. But, some do pay taxes. If they are using an illegal social security number they are paying in, their employers are ... them as though they are citizens. But, the majority of illegal aliens are working under the table.

How to file an income tax return ?

Last Answer : : Any income tax office or www.nbr.gov.bd should collect the return form from this web site and fill it by the taxpayer. If you are a new taxpayer, you need to attach one copy of ... of Taxes or any officer authorized by him after submission of return is considered as a tax assessment order.

At what time do I have to file my income tax return ?

Last Answer : In case of taxpayers of all classes except company, income tax returns have to be filed within the period of 3 months from 1st July to 30th September every year. If it is not ... is possible to file returns under the general or universal self-determination procedure within the extended period.

Where to file income tax return ?

Last Answer : : Income tax circle is specified for filing returns of each category of taxpayer. For example , all the civil government functionaries / employees and pensionable officers / employees who are located ... filing income tax returns from the nearest Income Tax Office or Tax Advice Center if required.

Where can you file a state income tax return for Vermont for free electronically?

Description : Where can you file a state income tax return for Vermont for free electronically?

Last Answer : Some states do not allow you to file taxes online. However, you can find out about Vermont's tax returns at the following website: http://www.state.vt.us/tax/forms.shtml.

Which online income tax course would better prepare me to file this year's income tax return?

Description : Which online income tax course would better prepare me to file this year's income tax return?

Last Answer : Turbo tax offers good online income tax course would better prepare you to file this year's income tax return. Just go to turbotax.com

How can I file a free state income tax return?

Description : How can I file a free state income tax return?

Last Answer : If you go to your local IRS office, they should have the proper papers for you to fill out for your federal, and your state tax returns. You will have to do them yourself to get it for free.

I am retired - working PT - Do I have to- pay SS Tax?

Description : I am retired - working PT - Do I have to- pay SS Tax?

Last Answer : Assumption your in USA. Ask your accountant, but YES. http://www.irs.gov/businesses/small/article/0,,id=98846,00.html

How much yearly income does a single, retired person with no major debts need to live comfortably in CA?

Description : How much yearly income does a single, retired person with no major debts need to live comfortably in CA?

Last Answer : @nmguy; There are too many variables to pull a figure out of a hat. Be more specific about your needs and likes.

Need a lot of home repairs roof Leaking, floor tile bathroom coming off of floor, toilet leaks not able to use bedroom no insulation on home addition. plaster falling from ceiling ,retired on fixed income?

Description : Need a lot of home repairs roof Leaking, floor tile bathroom coming off of floor, toilet leaks not able to use bedroom no insulation on home addition. plaster falling from ceiling ,retired on fixed income?

Last Answer : Where can I get grants that don,t need to pay bacK?

Do I need to file a tax return for my deceased father?

Description : Do I need to file a tax return for my deceased father?

Last Answer : Probably. Talk to an estate attorney.

What form do I need to file a tax return?

Description : What form do I need to file a tax return as an individual and where can I download it?

Last Answer : I think you're better off hiring an accountant to file your tax return. They only ask for 2-3 thousand forints and they certainly don't spoil it. If you still want to file your tax return, you will find the required forms at the link below. https://www.nav.gov.hu/nav/szja/anyk53_telepit

What is the state ID number for Indiana Unemployment so I can file my tax return?

Description : What is the state ID number for Indiana Unemployment so I can file my tax return?

Last Answer : If you got taxable income from them then they will have sent youa form with the amount of that income and the state ID number. Ifyou did not receive such a form, you do not need that number.

Can a resident file a resident joint tax return if the spouse only has a B-1 or B-2 visa?

Description : Can a resident file a resident joint tax return if the spouse only has a B-1 or B-2 visa?

Last Answer : Can a resident file a resident joint return if the spouse onlyhas a B-1 or B-2 visa

how can I file an amendment to my 2010 tax return.?

Description : how can I file an amendment to my 2010 tax return.?

Last Answer : how can I file an amendment to my 2010 tax return?

Do accountants have to keep a tax return transcript for more than ten years on file?

Description : Do accountants have to keep a tax return transcript for more than ten years on file?

Last Answer : The IRS has a strict set of rules for everyone who prepares taxes. So due to these rules it is required that Accountants keep a tax return transcript on file for at least 7 years. Some though will keep them on file for a lot longer.

I run a small corporation, do I have to file a corporate tax return?

Description : I run a small corporation, do I have to file a corporate tax return?

Last Answer : Corporations must file Federal tax returns every year, regardless of income or loss. The same is true in most states.

Where online can I find out which states require you to file a state tax return?

Description : Where online can I find out which states require you to file a state tax return?

Last Answer : You can go to IRS.gov to find out which states require tax returns. TurboTax also offers this information.

Who has to file a tax return?

Description : Who has to file a tax return?

Last Answer : Anyone who has had a job or was employed during the fiscal working year has to file a tax return right before the deadline of April 15.

How does one file an amended tax return?

Description : How does one file an amended tax return?

Last Answer : An amended tax return can only be filed by mail using form 1040x.

How To E-File Your Tax Return?

Description : How To E-File Your Tax Return?

Last Answer : In this day and age, almost everything can be done electronically. Tax filing is no different and today the majority of tax filers are now filing their returns electronically. The electronic filing process ... allows you to receive your refund much faster than if you were to file through the mail.

Can I file my own tax return forms?

Description : Can I file my own tax return forms?

Last Answer : Here is a site listing software that lets you file online: http://tax-software-review.toptenreviews.com/. Probably the most well known of these is TurboTax.

How do I file an amended tax return?

Description : How do I file an amended tax return?

Last Answer : When you are filing an amended tax return there are a couple of ways you can go about it. you can either call your accountant and get some advice from him. Another option would be to go online and there are several websites that will have a tutorial on how to file.

Where can I find the forms and instructions to file my state tax return?

Description : Where can I find the forms and instructions to file my state tax return?

Last Answer : You can get more information about your income tax form 1040 from companies like H&R Block and Jackson Hewitt or directly from the Internal Revenue Service.

Where can I find the forms and instructions to file my federal tax return online?

Description : Where can I find the forms and instructions to file my federal tax return online?

Last Answer : Turbo Tax (www.turbotax.com) has online forms to fill out and file your federal return online. Depending on the complexity of your return, it may be free, or there may be a charge for more difficult returns.

How long does it take to receive the income tax return in Barcelona, spain ?

Description : How long does it take to receive the income tax return in Barcelona, spain ?

Last Answer : answer:I wonder if this jelly ever got his tax refund! Looking back at some orphans, and thought this was a peach of a question. I would assume from his lurve, he (she) asked this one question and drowned…...

What is the penalty for not submitting income tax return ?

Last Answer : In order to give the taxpayer a chance to defend himself, subject to giving notice under section 130, the defaulting taxpayer may impose a penalty of 10% of the last imposed income tax or at least Rs. 1,000, ... levied on his last assessed income or Rs.1,000 / - , whichever is higher . Will not |

What are the requirements for filing income tax return ?

Last Answer : Income tax return is the means of presenting a brief statement of the taxpayer's annual income to the income tax authority . Taxpayer's annual income-expenditure and assets and liability ... the stipulated time , the concerned taxpayer will be penalized by the Deputy Commissioner of Taxes.

What kind of action will be taken if someone does not submit income tax return on time ?

Last Answer : In case of non-submission of income tax return within the stipulated time , 10% or at least Rs . , Whichever is more , the Deputy Commissioner of Taxes may impose a fine. Provided that- (1) The total ... on his last assessed income or Rs.1,000 / - , Whichever is more , the penalty will be levied

What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Description : What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Last Answer : he will owe $135

I cannot find an address to send my federal income tax return to. Do you happen to know where I can find this address?

Description : I cannot find an address to send my federal income tax return to. Do you happen to know where I can find this address?

Last Answer : What is the mail to address for tthe IRS.GOV

How long is the average time after filing your income tax return that you will receive your refund?

Description : How long is the average time after filing your income tax return that you will receive your refund?

Last Answer : You can usually expect to get your tax return refund 21 days or more from the filing date depending on how you file.

How much does it cost to get an income tax return online?

Description : How much does it cost to get an income tax return online?

Last Answer : I have seen several websites that allow you to file your tax returns online for free or at a very low cost. You can also hire someone to file your income tax return for you. If you hire someone, it can cost you anywhere from $50 - $100.

Where do I find income tax return forms for my taxes?

Description : Where do I find income tax return forms for my taxes?

Last Answer : There are many places to find an income tax return form, You can do it online, it is now an option in this day and age. You need to ensure the information is up to date.

Can tooth-whitening procedures be claimed on an income tax return?

Description : Can tooth-whitening procedures be claimed on an income tax return?

Last Answer : You can not claim tooth whitening on your taxes. This is considered to be purely aesthetic and is therefore not included.

A CPA who is engaged to prepare an income tax return has a duty to prepare it in such a manner that the tax is: a. The legal minimum. b. Computed in conformity with generally accepted accounting principles. c. Supported by the client’s audited financial statements. d. Not subject to change upon audit

Description : A CPA who is engaged to prepare an income tax return has a duty to prepare it in such a manner that the tax is: a. The legal minimum. b. Computed in conformity with generally accepted ... principles. c. Supported by the client's audited financial statements. d. Not subject to change upon audit

Last Answer : The legal minimum

Do you need to file your income tax to receive the rebate?

Description : Do you need to file your income tax to receive the rebate?

Last Answer : answer:I believe that is one of the requirements, that you have to file taxes. I found the IRS's website on the rebates here Quote Millions of retirees, disabled veterans and low-wage workers who ... exempt from filing a tax return must do so this year in order to receive a stimulus payment.

can you file income tax based on social security income vs expenses?

Description : can you file income tax based on social security income vs expenses?

Last Answer : Need Answer

what form do I use for file state income tax for single ?

Description : what form do I use for file state income tax for single ?

Last Answer : what short form do I use for filing state income tax for filing single

Am I required to file federal income tax forms?

Description : Am I required to file federal income tax forms?

Last Answer : Most but not all people need to file federal income tax forms. If you do not meet the minimum income requirement, then you do not have to file for federal income tax.

How to file e-file income tax?

Description : How to file e-file income tax?

Last Answer : You can fill income tax return online easily if you have known the procedure and you also remember that if you have not filed within the due date you need to be paid a penalty. IT Return Filling is now a very easy process. Discussion is going on with Online Legal India platform.

How to File Income Tax Online to Save Money?

Description : How to File Income Tax Online to Save Money?

Last Answer : When you are trying to find ways to save a little money this year, you may want to consider your option to file income tax returns online. Generally, it is very unlikely to find better prices on ... even allow you to file income tax returns online for free no matter how you get to their website.

Im on SSDI total income is 10,300.00 do I file taxes?

Description : Im on SSDI total income is 10,300.00 do I file taxes?

Last Answer : I'm on SSDI do I file taxes on $10,300.00 total income

i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?

Description : i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?

Last Answer : “i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ”

What age would you have retired if you didn’t have to worry about healthcare costs?

Description : What age would you have retired if you didn’t have to worry about healthcare costs?

Last Answer : *laughs in universal healthcare

My wife just retired at 63. Can she collect on my account until she turns 66?

Description : My wife just retired at 63. Can she collect on my account until she turns 66?

Last Answer : First, What country are you living in? Here in Canada one cannot collect until the age of 65 although now it may be up to age 70 Yrs of age. One may be able to obtain Seniors Benefits until they get ... it . ( threshold of income with Canadian Pension Plan (CPP) and Old age security (OAS) as well..

I retired at 100% SS benefits. My wife is presently 62 and 2 months. Can she begin to collect half of my social security check now?

Description : I retired at 100% SS benefits. My wife is presently 62 and 2 months. Can she begin to collect half of my social security check now?

Last Answer : No if you are alive she can only collect her SS. At 62 she can collect about ¾’s of her benefits.

Can I have some advice/suggestions to be more comfortable in a retired sedentary lifestyle?

Description : Can I have some advice/suggestions to be more comfortable in a retired sedentary lifestyle?

Last Answer : Keep exercising to keep your body and mind sharp.

While you were updating your resume, has anyone here had a large number of contacts retired, resigned or just plain don't exist anymore?

Description : While you were updating your resume, has anyone here had a large number of contacts retired, resigned or just plain don't exist anymore?

Last Answer : answer:I only list former employer company names on my résumé. I would never include individuals' names there, since the résumé can be passed around for who-knows-how-long and to god-knows-where. Your ... former job in the Enron implosion over ten years ago. We were lucky to get him as a result.