Maybe, depending upon other factors. You can start a return, enter your SS and interest income to see if you owe any tax. Whether you need to file a federal tax return this year depends mostly on how much money you made in 2023, your age, and your filing status. See chart
You also must file a federal return if:
- You had $400 or more in self-employment net earnings (gross income minus expenses)
- You had marketplace health insurance (1095-A) and you received advance payments for the premium tax credit
- You (or your spouse if filing jointly) received health savings account, Archer MSA, or Medicare Advantage MSA distribution
- You had wages of $108.28 or more from a church or qualified church-controlled organization that is exempt from employer social security and Medicare taxes
- You owe any special taxes, including any of the following:
- Alternative minimum tax
- Additional tax on a qualified plan, including an individual retirement arrangement (IRA), or other tax-favored account
- Household employment taxes
- Social security and Medicare tax on tips you didn't report to your employer or on wages you received from an employer who didn't withhold these taxes
- Uncollected social security and Medicare or RRTA tax on tips you reported to your employer or on group-term life insurance and additional taxes on health savings accounts
- Recapture taxes
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