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donbaley
New Member

Why does my last page say I have 0 income on line seven when I entered social security income

 
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9 Replies
MinhT1
Employee Tax Expert

Why does my last page say I have 0 income on line seven when I entered social security income

If you only entered social security income, it is not taxable and your taxable income is 0.

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donbaley
New Member

Why does my last page say I have 0 income on line seven when I entered social security income

But line 7 is gross income 

And I must file to be eligible for the stimulus payment 

Why does my last page say I have 0 income on line seven when I entered social security income

And if you only have SS it is not taxable and isn't included in gross income.  And you can't efile a return with no taxable income.  If you want to file you will have to print and mail it.  Or you can try adding $1 of interest to let you efile.  Make up a fake 1099Int.

DavidD66
Employee Tax Expert

Why does my last page say I have 0 income on line seven when I entered social security income

I don't think you need to file a tax return.

 

In a previous news release, the IRS said:

 

IRS.gov/coronavirus will soon provide information instructing people who are otherwise not required to file a tax return, on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents and direct deposit bank account information.

 

Earlier tonight, according to news reports: 

 

Social Security recipients won’t need to file tax returns to receive the $1,200 one-time payments authorized in the new economic-relief law, the Treasury Department said late Wednesday in a reversal of its prior position.

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DavidD66
Employee Tax Expert

Why does my last page say I have 0 income on line seven when I entered social security income

From the U.S. Department of the Treasury

 

April 1, 2020

WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts. 

 

For the full press release see: 

 

https://home.treasury.gov/news/press-releases/sm967

 

 

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Why does my last page say I have 0 income on line seven when I entered social security income

IRS site updated :  https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

 

I am not typically required to file a tax return. Can I still receive my payment?

Yes. The IRS will use the information on the Form SSA-1099 or Form RRB-1099 to generate Economic Impact Payments to recipients of benefits reflected in the Form SSA-1099 or Form RRB-1099 who are not required to file a tax return and did not file a return for 2019 or 2018. This includes senior citizens, Social Security recipients and railroad retirees who are not otherwise required to file a tax return.

 

Since the IRS would not have information regarding any dependents for these people, each person would receive $1,200 per person, without the additional amount for any dependents at this time.

donbaley
New Member

Why does my last page say I have 0 income on line seven when I entered social security income

I hope that's right because if I had to try to find a paper copy then fill it out it would be next February before I got anything and to make up a 1099 you have to have a identifying number 

  But the conoravirus .gov site said people who's only income was social security had to file a simple return 

Why does my last page say I have 0 income on line seven when I entered social security income

NEW INFO FOR THE STIMULUS CHECK......

From the U.S. Department of the Treasury

 

April 1, 2020

WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts. 

 

For the full press release see: 

https://home.treasury.gov/news/press-releases/sm967

 

Why does my last page say I have 0 income on line seven when I entered social security income

NOW if you read that statement carefully ... if you DO have qualifying  dependents under the age of 17  to claim for the extra $500 then you WILL need to file an abbreviated return ... more details to come on this method.

 

If you do not file a 2019 return then the extra amount can be received by filing a 2020 return next year. 

 

https://home.treasury.gov/news/press-releases/sm967

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