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New Member
posted Jan 24, 2022 8:10:03 AM

Do I need to file for 2021--I am 95,single,gross income is $7600?

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3 Replies
Level 15
Jan 24, 2022 8:16:46 AM

Social Security Retirement/Disability/Survivors benefits are reported on a form SSA-1099 and the benefits received are to be entered on a federal tax return. The benefits may be taxable depending on the amount of other income you have entered on your tax return.
However, if the Social Security benefits are the Only income to be reported on the tax return, then there is no reason or need to file a tax return.

 

Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:

  • Married Filing Jointly - $32,000
  • Single or Head of Household - $25,000
  • Married Filing Separately - 0

Expert Alumni
Jan 24, 2022 8:29:11 AM

No, not if your total taxable gross income is $7,600.  However you may want to file if you have not yet received the third stimulus payment of $1,400.00.  More information can be found in the link below.

Filing requirements for a single taxpayer, over 65 is $14,250.00.

 

When you are logged into your TurboTax account use the following steps to enter your third stimulus payment or enter zero if you didn't receive it yet.

  1. Select 'Federal Review' at the top right
  2. Answer the questions to be sure you have all you are entitled to
  3. Continue to complete your tax return
  4. See the images below

 

 

Level 15
Jan 24, 2022 8:54:19 AM

State filing requirements may be different.