If my wife and i file jointly with only ss as income, paid no taxes on it, had deductions of 23K, could we owe nothing?

[laruef]

We have a combined ss income of over $45K, paid no taxes on it, have itemized deductions of over $23K, and we were 69 in 2016 and both retired.  Our turbotax showed $0 due for federal and state. Can that be correct?

[DoninGA · Accepted solution]

If the Social Security benefits you each received is the only income being reported on your tax return, then you would have no taxes owed or a tax refund.  There would be no benefit or need to file a tax return.