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barberdanmacc
New Member

Should I file taxes if I nolonger have earned income only 1300 from a annuity?

between my wife and I we receive close too 20,000 dollars in social security  plus 2000 dollars from annuity do I need too file?
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Vanessa
Level 3

Should I file taxes if I nolonger have earned income only 1300 from a annuity?

No, if you do not have taxable income you will not need to file.  However, if your annuity is taxable or if that is $1,300 a month and not total for the year, then you may need to file.  

You can enter all of your information into TurboTax and if it says you have zero tax due and zero income, click clear and start over which will delete all of your information. 

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3 Replies
Vanessa
Level 3

Should I file taxes if I nolonger have earned income only 1300 from a annuity?

No, if you do not have taxable income you will not need to file.  However, if your annuity is taxable or if that is $1,300 a month and not total for the year, then you may need to file.  

You can enter all of your information into TurboTax and if it says you have zero tax due and zero income, click clear and start over which will delete all of your information. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

barberdanmacc
New Member

Should I file taxes if I nolonger have earned income only 1300 from a annuity?

I got 6 months  at 206 dollars per month  from my annuity plus 20,000 in combined social security I am starting too understand that I do not need to file  correct?
Vanessa
Level 3

Should I file taxes if I nolonger have earned income only 1300 from a annuity?

Correct.  
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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