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People who are over 65 or blind are allowed to take an additional personal exemption on their federal income tax return. This does amount to a "break" of sorts. (If you're blind AND over 65, you don't get to take TWO additional personal exemptions, though.)

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Mary Mays

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what is that amount

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Q: Do seniors get a break on federal income tax?
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Do you pay income tax over 65?

how much is federal exemption over 65


Do senior citizens need to file income tax?

Senior citizens, infants, children, and middle-aged people all need to file income tax if they meet certain requirements. There are no age limits. To determine if you are required to file a federal income tax form, see Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf State income tax requirements are different than federal. You should consult the instructions that come with your state tax forms or you might be able to find the information on your state tax department's web site. Even if you are retired, you might have some taxable income. Pension payments, 401k distributions, IRA distributions, interest from the bank, investment income, rent income are all taxable. If your income is above a certain level, Social Security payments are taxable. Even if you are not REQUIRED to file, if you had tax taken out of your salary, pension, Social Security, or other payments, you should file in order to get a refund.


What taxes does a 70 year old have to pay?

A 70-year-old individual may still be required to pay various taxes depending on their income, assets, and activities. They may have to pay income tax on any taxable income they earn, including retirement income, pensions, or rental income. Additionally, they may be subject to property tax if they own real estate, and they may have to pay sales tax on purchases they make. It is essential for older individuals to consult with a tax professional or contact their local tax authority for specific guidance.


Do you have to file income tax if you are age 83?

Yes. You must file an income tax return if you are 83 or 183.


Must an 88 year old file taxes?

If you are unmarried and at least 65 years of age, then you must file an income tax return if your gross income is $11,500 or more. However, if you live on Social Security benefits, you don't include this in gross income. If this is the only income you receive, then your gross income equals zero, and you don't have to file a federal income tax return. But if you do earn other income that is not tax-exempt, then each year you must determine whether the total exceeds $11,500. If you are married and file a joint return with a spouse who is also 65 or older, you must file a return if your combined gross income is $22,400 or more. If your spouse is under 65 years old, then the threshold amount decreases to $21,200. Keep in mind that these income thresholds only apply to the 2013 tax year, and generally increase slightly each year.

Related questions

Who can take your federal income tax?

federal income tax people


The federal personal income tax is an example of which kind of tax?

The federal personal income tax is an example of progressive tax.


Similarities between state income tax and federal income tax?

The taxable amounts of the income from each income tax return will be taxed at the tax rates for the state and for the federal.


Is federal income tax direct or indirect?

Federal income tax is a direct tax on income and not an indirect tax. Direct taxes are paid directly to the government.


Does income tax money go to the federal reserve?

Not all income tax goes to the Federal reserve but all money that goes to the Federal reserve comes from income tax.


What are federal non-tax and state income tax obligations?

this is a question when is the last day you can send in federal income tax


When filing for the federal income tax return do you have to attach schedule a for the state income tax return?

No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.


How does federal income tax influence staffing?

Federal income tax can increase staffing due to the need of a write off. Federal income tax can also encourage staffing limitations due to the employers tax.


The authority to levy a federal income tax comes from?

The authority to levy a federal income tax comes from


Is income tax invasion a federal crime?

I don't know what that is, but income tax evasion is a federal crime.


The federal income tax is a _____.?

progressive tax


The federal income tax is a?

progressive tax