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ashi568756
New Member

I am retired, did not work. my SS paid 31,614. I received 622 in interest income. I had a distribution of 20K gross out of my IRA , of which 2K was withheld for Fed Tax?

Do I have to file  taxes?
1 Reply
DoninGA
Level 15

I am retired, did not work. my SS paid 31,614. I received 622 in interest income. I had a distribution of 20K gross out of my IRA , of which 2K was withheld for Fed Tax?

Yes you will have 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
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