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Level 1
December 15, 2020
Question

My only income this year is SS retirement and no other income . Do I still have to pay taxes on my SS which is around 33,000? Do NOT CALL, I'm Overseas. Respond here

  • December 15, 2020
  • 2 replies
  • 21 views
I need a response here.

2 replies

Level 15
December 15, 2020

If Social Security is your ONLY income you do not have to file a tax return.  (And.....no one will EVER call you from the user forum).

 

Social Security benefits can become taxable IF you have enough other income from other sources to make it taxable.

 

https://ttlc.intuit.com/questions/1899144-is-my-social-security-income-taxable

 

https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable

 

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.

 

**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.**
DoninGA
Level 15
Level 15
December 15, 2020

If the Social Security benefits are the Only income to be reported on the tax return, then there is no reason or need to file a tax return.

 

Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:

  • Married Filing Jointly - $32,000
  • Single or Head of Household - $25,000
  • Married Filing Separately - 0