age income tax filing
Anybody can file a tax return. Even if you had zero income. If you had taxes withheld from your pay check or from another type of payment, you should file even if it is no … t required, otherwise you won't get whatever refund you are entitled to. Certain people must file taxes. DATA SOURCES AND LIMITATIONSA computer tape file was created containingthe social security, numbers (SSN's) 'from the144,392 tax returns' included in the regularStatistics of Income (SOI) sample for 1981 [111.In the case of joint returns, both SSN's wereincluded. 6 7 7 7 67 6675 and over........................... 4 4 3 4 37 45'Taxpayers on joint returns were counted as two; both taxpayers were assumed to be in thesame age group for this percentage distribution.1970, 37 percent of all returns reported an AGIunder $5,000; for 1981, only 19 percent hadsuch a low income. In addition, a portion of your Social Security benefits are included in gross income, regardless of your filing status, in any year the sum of half your Social Security plus all other income, including tax-exempt interest, exceeds $25,000 or $32,000 if you are married. When seniors must file. If you are unmarried and at least 65 years of age, then you must file an income tax return if your gross income is $11,700 or more. However, if you live on Social Security benefits, you don't include this in gross income. You are not exempt from filing for Income taxes based on age. You are exempt from filing taxes based on the income you receive. If your income is over a certain amount you mus … t file. You must file a tax return if you had net earnings from self-employment of $400 or more. This is your total self-employment income less the expenses paid in operating your trade or business, multiplied by 92.35%. But if you do earn other income that is not tax-exempt, then each year you must determine whether the total exceeds $11,700. 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 $22,900 or more. If your spouse is under 65 years old, then the threshold amount decreases to $21,700. Even though theywere a declining-part of-the population, theycontinued to file about 1 percent of all taxreturns.The population increase came mostly in whatcan be called the first half of the prime earn-ing period, 25 to 44 years-of age. While the minimum income-however earned-is $600, you don't actually owe any tax until a much, much higher amount.   However, you should always file your return, e … ven (or especially) if you have no tax payment obligation or even requirement to file.
At least 65 years of age