If my total income adjusted by 50% is lower than $25,000, do I need to do anything further?

posted

Connect with an expert

3 Replies

If my total income adjusted by 50% is lower than $25,000, do I need to do anything further?

Do you mean that your adjusted income is lower than your Standard Deduction?

You still need to enter all your tax forms and file.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

If my total income adjusted by 50% is lower than $25,000, do I need to do anything further?

Are you asking something about Social Security? You have to enter all your income including Social Security. Turbo Tax will automatically figure any taxable part of Social Security.

If my total income adjusted by 50% is lower than $25,000, do I need to do anything further?

please clarify what you're asking about. this could be anything from taxable social security to the passive loss deduction for rental real estate.

Still have questions?