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Do I need to file a return if I am 90 years old, social security is about $10,500, interest and dividends are about $4500? No other income.
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Do I need to file a return if I am 90 years old, social security is about $10,500, interest and dividends are about $4500? No other income.
Not if you are filing Single.
FILING REQUIREMENTS FOR TAXPAYERS:
Single
under 65 $10,350
65 or older $11,900
Head of Household
under 65 $13,350
65 or older $14,900
Married, Filing Jointly***
under 65 (both spouses) $20,700
65 or older (one spouse) $21,950
65 or older (both spouses) $23,200
Married, Filing Separately
any age $4,050
Qualifying Widow(er) with dependent child
under 65 $16,650
65 or older $17,900 *
"Gross income means all income you receive in the form of money, goods, property, and services that isn't exempt from tax, including any income from sources outside the United States or from the sale of your main home (even if you can exclude part or all of it). Don't include any social security benefits unless (a) you're married filing a separate return and you lived with your spouse at any time during 2016 or (b) onehalf of your social security benefits plus your other gross income and any taxexempt interest is more than $25,000 ($32,000 if married filing jointly). If (a) or (b) applies, see the Form 1040 instructions to figure the taxable part of social security benefits you must include in gross income. Gross income includes gains, but not losses, reported on Form 8949 or Schedule D."
CLICK HERE for IRS Pub 501 Exemptions, Standard Deduction, Filing Information
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