My only source of income is social security and $500. of bank interest. Do I have to file taxes? I am retired and 82 years old.
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No. If your only income is social security and $500 in bank interest you are not required to file a tax return.
Social security (including SSDI) becomes taxable when your income, including 1/2 your social security, reaches:
Married Filing Jointly(MFJ): $32,000
Single or head of household: $25,000
Married Filing Separately and lived with your spouse at any time during the tax year: $0
So, with only $500 of "other income" even the highest paid SS beneficiary would not be required to file a tax return.
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