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#1
03-15-2008, 09:28 PM
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 Re: Is Social Security factored in? <bulldogspin[at]hotmail.com> wrote: - quote - > The requirement for a person over 65 and single to file a tax return
Social Security benefits are never part of gross income considered regarding> is $10,050. If he has $10,000 in gross income plus another $3,600 in > Social Security income (benefits) does he have to file a tax return? whether a return must be filed. There's no need to do the line 20 worksheet. See the 1040 instructions. -- Phil Marti Clarksburg, MD -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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03-15-2008, 06:28 PM
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| Re: Is Social Security factored in? - quote - > The requirement for a person over 65 and single to file a tax return
No filing requirement for the scenario indicated above. However, he should> is $10,050. If he has $10,000 in gross income plus another $3,600 in > Social Security income (benefits) does he have to file a tax return? > Please confirm - the $3,600 Social Security income is not taxable when > calculated using the worksheet with $25,000 as the base for single > over 65 years? file a "Stimulus-Only" tax return to be eligible for his $300 stimulus check. He also should file for a refund if any income tax was withheld. Condor -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
03-15-2008, 05:45 PM
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| Is Social Security factored in? The requirement for a person over 65 and single to file a tax return is $10,050. If he has $10,000 in gross income plus another $3,600 in Social Security income (benefits) does he have to file a tax return? Please confirm - the $3,600 Social Security income is not taxable when calculated using the worksheet with $25,000 as the base for single over 65 years? Thank you. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| factored, security, social |
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