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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.
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∙ 9y ago
Whether an 88-year-old individual needs to file taxes depends on their income and filing status. If they meet the minimum income thresholds set by the Internal Revenue Service (IRS), they are required to file a tax return. It's recommended for elderly individuals to check with a tax professional or the IRS for specific guidance based on their situation.
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Does an 80 year old have to file south Caroline taxes?
It depends on the individual's income. If the 80-year-old meets certain income thresholds set by the state of South Carolina, they may be required to file taxes. It is recommended to check with a tax professional or the South Carolina Department of Revenue for more specific guidance.
How much money can an 82 year old earn before having to pay taxes?
The amount of money an 82 year old can earn before having to pay taxes depends on their filing status, sources of income, and deductions. In 2021, for a single filer aged 65 or older, the standard deduction is $14,250. So, an 82 year old can earn up to this amount before having to pay taxes.
When seventy years old do you still pay Taxes years old?
Yes, individuals are typically required to pay taxes at age 70 if they have income that is subject to taxation, such as from retirement savings, investments, or Social Security benefits. Age does not exempt someone from their tax obligations.
I am 85 years old do I still have to file my taxes?
It depends on your income level. If your income exceeds a certain threshold, you may still be required to file taxes regardless of your age. Check with a tax professional or the IRS for specific guidance based on your individual circumstances.
DO I have to file federal income tax after age 70?
My mom is 88 years old and is still paying outrages federal income taxes. I have always heard, that at age 70, you could earn as much as you want, without being taxed. She has a little farm, which pays her about 20,000 a year, and she has a very small pension, and a very small social security, since she is what they called a notch baby. Could you give me some information on how she should be taxed?
Can your 18 year old son file taxes if you claim him on your taxes?
Unless the 18-year-old is a dependant because of disability or other factors, generally they are considered an adult and must file their own taxes, and you cannot claim them.
Can a 16 year old file income tax?
A sixteen year old can file income tax and, if the 16 year old had sufficient income, the 16 year old must file tax. There are no upper or lower age limits on income tax obligations. Even if the 16 year old didn't owe any tax, if taxes were withheld from the 16 year old's wages, the 16 year old should file in order to receive a refund.
Can a 17 year old mother with child file income taxes?
YES she can.
If you claim your sixteenyear old on your taxes can she file exempt on her part time job?
There is no exemption from income taxes because of age. Being claimed as a dependent does not make your child exempt from taxes. Regardless of age or dependent status, if your child has sufficient income she must file her own tax return.To claim "exempt" on her W-4 at work, BOTH of the following statements must be true:1) She owed no taxes last year. All taxes that were withheld (if any) were refunded.2) She reasonably expects to owe no taxes this year.
What age are you exempted from filing federal taxes?
There is no such age. Even a newborn infant or a 100-year old senior citizen might need to file taxes.
If you claim your 16 year old as a dependent can they still file taxes?
Yes, there will be directions on the correct steps in your tax booklet.
Does a 16 year old need to file a tax return if he made 2500?
I'm 18 and i made only $3000 last year. I do not have to pay taxes. That i know for sure, so you're in the clear. I believe you don't need to file taxes unless you make $5700+ a year. Age is irrelevant.
You made 1600.00 last year you are 18 years old do you need to file income taxes?
No you don't, it is considered hobby money unless you made $5,000 or more, then you DO have to file.
Can you claim a sister on your taxes if your parents do not work?
yes, if that sister has resided with you 6-12 months of the previous year and you have taken care of that sister,I know this because my 11 year old brother resides with me and I file him on my taxes
Your son is a full time student and seventeen years old he only made sixty five hundred dollars last year does he have to file taxes?
His job didn't take out any federal taxes will he have to pay taxes
If a 21 year old college student earns 14000 gross income does he have to pay taxes on that amount?
Probably, unless he has a lot of deductions or exemptions. In any case, he must file a federal return and probably a state return.
How much in taxes do you pay for a 4 year old?
About the same as a 3 year old, just you gotta pay for taxes.
