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Level 1

WHAT AGE DO YOU STOP PAYING TAXES ON YOUR 1099 R PENSION FUND DISTRIBUTIONS AND SOCIAL SECURITY

At what age do you stop paying taxes on a 1099 R pension fund distribution and Social Security

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Level 1

WHAT AGE DO YOU STOP PAYING TAXES ON YOUR 1099 R PENSION FUND DISTRIBUTIONS AND SOCIAL SECURITY

There is no age when you stop paying taxes. As long as you have taxable income, you are taxed. There is an increased standard deduction for persons over age 65 and/or blind.

The standard deductions for 2018 are:

Single                             $12,000

Married Filing Jointly     $24,000

Head of Household        $18,000

For those taxpayers who are 65 and older or blind, add another $1300 for each condition.