Hello Sheri12,
That's a very good question. Unfortunately, we all keep paying taxes even in old age. But there are certain tax benefits when you are 65 or older because of the higher standard deduction. But if your income is only from social security, generally your benefits are not taxable and you probably do not need to file a federal income tax return.
Please give me a thumbs up if that answers your question. Thanks 🙂
