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If your only income is Social Security do you need to file tax returns?
Wiki User
∙ 15y ago
Perhaps. It depends on whether you have enough non-Social Security income to be required to file an income tax return. Also, for 2007 and, possibly, 2008, you may qualify for an economic stimulus rebate, but only if you file a return. You can find a form on the internet or at the library. Just because IRS didn't send you a form, doesn't mean you are exempt from filing.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoNo. Social Security benefits in the absence of any other income are not taxable.
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Is Social Security included when assessing income to file taxes?
Yes
Are foreign embassy employees with income wages required to fiel income tax returns?
If a foreign embassy employee is a us citizen or a green card holder he has to file income tax return. If he is a us citizen he will pay both income tax and social security taxes . If he is a green card holder he is not required to pay social security taxes but he is required to pay income tax.
If you income is your social security benefits do you have to file an income tax form?
yes, you will not pay any taxes.
Do you have to file tax returns if you are retired?
Income tax returns are generally based on the amount of income, not the source. However, Social Security and other income not from wages may be treated differently for Federal, state, or local taxes. (This can apply to IRA, 401-K, and annuities.)More information is available at the IRS link and your state tax agency.
Is any of this considered earned income if you and your wife live on social security income and a small pension benefit but no labor is performed?
No. Social Security and Pension income are not considered earned income for the purposed of the Earned Income Tax Credit. This is not to say that you will not have to file an income tax return and possibly pay taxes. Depending on the amount of income you have and your filing status, you may or may not have to file a return.
Do you file social security income along with working full time income?
Only 1 return is filed by anyone. It includes all income.
If you have social security income are not required to file federal income tax returns do you have to file to receive the 2008 rebate?
Yes. There may be a way to get it by filing next year, but I wouldn't count on it. Efile your return this year to get the stimulus money by May. There are special stimulus returns, and I think there is free online filing. Some tax places are doing these returns for 30 or 40 bucks if you prefer. CH, 5 years in the tax bus.
DoI need your dependents ss card to file your taxes or just the ss number?
When I file my income tax will I need my dependant's actual social security card or can I just give the filer the numbers When I file my income tax will I need my dependant's actual social security card or can I just give the filer the numbers
Can social security income be taxed in the year you are turning sixty six?
Yes it can and it also can be taxable every year after you turn sixty five. Age will never relive you from having to file income taxes. If someone tells you that you no longer have to file taxes after a certain age, they do not know what they are talking about. You can be 106 and still have to file income tax returns. Having income below the required amount is the only reason you may not have to file taxes in a particular year. You can also not be required to file one or more years then have to start back again.
Do estates file yearly tax returns?
Yes, they are required to file tax returns. Estates have assets and those assets may be earning income. That income is taxed.
Does your child need to file taxes for their Social Security money?
A child who is a dependent and earns income must file a return if they earned the specified amount of money as mentioned on the income tax form.
How is Social Security Disability taxed?
Social security disability and social security benefits are the same thing and would be subject to income on your correctly completed 1040 income tax return When you have other sources of world wide income. Generally, if Social Security benefits were your only income, your SSB benefits are not taxable and you probably do not need to file a federal income tax return. If you have any other sources of worldwide income and (tax exempt interest and exempt dividends) then it is possible for some of your SSB to become taxable income on your income tax return and then you would be required to file an income tax return.
