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What is the minimum amount of income in retirement benefits before required to pay taxes?
Wiki User
∙ 15y ago
A lot of it depends on the type of plan it's coming from...something like a 401k, deferred on the way in, is always taxable, (at a ratio) on the way out. Most of these types of incomes are taxable, and earnings over $600 a year must require filing...but your unlikely to pay any tax on income much below 15K...because of exemptions and such anyway. Filing and paying being different...and to be sure you get any and all future benefits, like economic stimulus payments, you should always file even if you don't hae to. (Common sense too: The IRS wouldn't say you don't have to file unless it was godd for them...not that it's good for you!)
Wiki User
∙ 15y ago
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