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Question

I have been told i no longer need to file income taxes due to my age 64 and my taxable income is approx $7,000from rental income and $2,300 for interest where i financed some land. My only other income is ss and veteran benefits which are not taxable

Forum|Forum|7 years ago
June 6, 2019
1 reply
5 views

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TurboTax Premier Online

Level 15

No - You do not have to file a tax return for 2018, but not because you are 64. There are no age exceptions for filing an income tax return.

If your gross income is below $12,000 (since you are under age 65) you need to file a tax return.

Your veterans benefits are not taxable; your Social Security isn't taxable as long as the income you mentioned is your only income.

Please see these FAQs for more information:

Do I need to file a federal return this year?

Is my Social Security income taxable?

Alumni - Champ

State filing requirements may be different.