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Oh yes, being retired does not excuse you from paying taxes. Of course, you are probably in a lower tax bracket.
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∙ 14y ago
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I'm a retired and my ssa income is low, Do I need to file?
Does low income retiree need to file income tax?
Do i need to file a Florida state income tax return?
Florida does not have an individual state income tax. They do have a corporate income tax.
If you work after retirement do you pay taxes on that?
Yes. As long as you are still living and have enough gross worldwide income you will be required to file income tax returns and pay any income taxes that may be due. Even some of retirement income could also be taxable income on your income tax return.
Who need to file a tax return?
eveyone who earns income above a certain level has to file a tax return
If you expect a tax refund do you need to file an extension?
If you are due a refund it is not necessary to file for an extension to file your income tax return. An extension of time to file your income tax return is NOT an extension of time to pay any amount of income tax that would be due April 15 2010.
Do you have to file taxes on retirement?
Yes and it is very possible that some of the retirement income could be taxable income on your income tax return.
Do you have to file income tax if you are age 83?
The age of 83 does not exempt someone from filing income taxes. Whether or not you need to file depends on your total income for the year, including social security benefits and retirement distributions. It is advisable to consult with a tax professional for personalized advice.
need a tax table on retirement funds collected in 2012?
need tax table on income
I'm a retired and my ssa income is low, Do I need to file?
Does low income retiree need to file income tax?
Do i need to file a Florida state income tax return?
Florida does not have an individual state income tax. They do have a corporate income tax.
If you work after retirement do you pay taxes on that?
Yes. As long as you are still living and have enough gross worldwide income you will be required to file income tax returns and pay any income taxes that may be due. Even some of retirement income could also be taxable income on your income tax return.
Do college students need to file income tax?
Yes, college students need to file income tax if they have some manner of income during the year, such as from a part-time or summer job.
Who need to file a tax return?
eveyone who earns income above a certain level has to file a tax return
If you expect a tax refund do you need to file an extension?
If you are due a refund it is not necessary to file for an extension to file your income tax return. An extension of time to file your income tax return is NOT an extension of time to pay any amount of income tax that would be due April 15 2010.
Do you file income taxes even if you had no income?
There is no need to file an income tax return if you had no income. That said, there was a year when senior citizens could claim a tax credit by filing even if they had not income so your question is valid. For 2010 though, as the rules stand today, you don't need to file.
How much income do you need to be able to file for tax return?
Anyone can file a tax return. No income necessary. Just fill in zeroes. People with low income who have had tax withheld from their pay but are not required to file tax returns should do so anyway in order to get a refund.
What type of tax is levied on income that will will be used in retirement?
Social Security Tax
