Can i stop filling income tax at 73if i draw ss and a small pension?

Forum|Forum|2 years ago
February 2, 2024
1 reply
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xmasbaby0

Level 15

Maybe......but we do not know what you mean by a "small" pension. It has nothing to do with your age.

You need to file a federal return if half your Social Security plus your other income is $25,000 when filing single or head of household, or $32,000 when filing married filing jointly, $0 if you are filing married filing separately.

Who has to file?

http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

JohnB5677

Level 15

You may owe taxes on your Social Security.

As @xmasbaby0 stated, your age has nothing to do with it.

For people who get Social Security, about 40% will pay taxes on a portion of it.

It is difficult to predict without preparing (not fileting) a tax return.
You can do this with TurboTax Online.
You can prepare a sample tax return, and if there is no tax due, you do not have to file it.

For more information on the subject please see: Income Taxes and Your Social Security Benefit

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