If your ONLY income is Social Security you are not required to file a tax return.
Here is a great resource for further details: https://turbotax.intuit.com/tax-tips/irs-tax-return/does-everyone-need-to-file-an-income-tax-return/L7pluHkoW
Think you added additional point to my question. Why TurboTax charging in that case?
Hi zubhra_roy!
If your only income is social security, you may not even have a filing requirement.
Here is a basic guide from the IRS to see if your social security benefits are taxable:
https://www.irs.gov/pub/irs-news/at-01-08.pdf
You may have selected extra benefits offered by TurboTax that caused an additional charge. Here is the guide to options to remove those additional benefits:
Additionally the IRS offers a freefile website that may be beneficial to you:
https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free
Take care,
Cindy
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@subhra_roy We cannot tell what version of TurboTax you are using. As stated, if your only income is Social Security you do not even need to file a tax return, so you could just abandon the account and forget about filing.
But if you use TurboTax and you file a tax return, you will be charged for the version of the software you use. regardless of whether you owe or are getting a refund. Your TurboTax fees are not based on whether you are getting a refund; your fees are based on the software you actually USE. It sounds like you are trying to use a paid version of the software----unnecessarily.
If you have not paid, then just clear the return, or abandon the TT account and pay nothing. You do not need to file a tax return if your only income was Social Security.