Solved: Do I have to report that my wife and I both retired during 2017? Does it have an impact on my return?
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jajuddjr
New Member

Do I have to report that my wife and I both retired during 2017? Does it have an impact on my return?

 
1 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

Do I have to report that my wife and I both retired during 2017? Does it have an impact on my return?

No, there is no form to claim change of circumstances. However, the absence of a W-2 and the presence of forms for Social Security and 1099-R for retirement income pretty much tell the story.

Only dollar amounts of income have an impact. Your Social Security may or may not be taxable, depending on the rest of your income.

Regarding SSDI taxable income concerns, none of your Social Security disability income (SSDI) is taxable if half of your SSDI plus all your other income is less than:

  • $25,000 if you filed as single, head of household, or married filing separately, and you and your spouse lived apart all year
  • $32,000 if you’re married filing jointly
  • $0 if you’re married filing separately, and you and your spouse lived together at all during the year

View solution in original post

3 Replies
Coleen3
Intuit Alumni

Do I have to report that my wife and I both retired during 2017? Does it have an impact on my return?

No, there is no form to claim change of circumstances. However, the absence of a W-2 and the presence of forms for Social Security and 1099-R for retirement income pretty much tell the story.

Only dollar amounts of income have an impact. Your Social Security may or may not be taxable, depending on the rest of your income.

Regarding SSDI taxable income concerns, none of your Social Security disability income (SSDI) is taxable if half of your SSDI plus all your other income is less than:

  • $25,000 if you filed as single, head of household, or married filing separately, and you and your spouse lived apart all year
  • $32,000 if you’re married filing jointly
  • $0 if you’re married filing separately, and you and your spouse lived together at all during the year

View solution in original post

Coleen3
Intuit Alumni

Do I have to report that my wife and I both retired during 2017? Does it have an impact on my return?

Edited immediately.
jajuddjr
New Member

Do I have to report that my wife and I both retired during 2017? Does it have an impact on my return?

Thanks. We retired in May so we have 1099R's and W-2's but the income will go away after this year.
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