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TAX TIME...
s.gun
Member Posts: 3,245
Friend tells me he doesn?t have to file any tax filings at end of year...Is that maybe true if your income is low enough ???I have always thought it was mandatory....
Comments
If a single person 65 or older had social security income of $23,300 and other income (as long as it is not from self-employment) of $13,500 or less, then he/she would not have to file.
A married couple filing joint with both being 65 or older could have social security income of $35,000 combined and other income (again as long as it is not from self-employment) of $22,500 or less, then they would not have to file.
So depending on their age and what type of income they had, a married couple could have over $55k of income and not have a federal filing requirement.