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Yes it is possible that you could meet the must file a income tax return requirement even when you are over age 65 and disabled.
A self employed taxpayer would be required to file an income tax return if business operation had a net profit of 400 and pay the social security and Medicare taxes that would be due plus any income tax that may be due after adding the net profit to all other gross income on the 1040 tax form and the amounts would be subject to income tax at the marginal tax rates.
A dependent on another taxpayer income tax return with unearned income interest, dividends, capital gains, rental income, taxable social security benefits, unemployment compensation, gambling winning and misc income, etc of more than 950 must file an income tax return and report all worldwide income on the 1040 tax return
The must file an income tax return requirement for the year 2009 would be in the 2009 1040 instruction book starting on page 7 through 9 and the book is available at the enclosed web site.
Go to the IRS gov web site and use the search box for 1040 and choose instruction
Filing Requirements
Do You Have To File
Wiki User
∙ 14y ago
Whether a disabled person over age 65 needs to file taxes depends on their income. If their income meets certain thresholds, they may still be required to file a tax return. It's recommended to consult with a tax professional or use online resources to determine if filing is necessary.
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Do 80 year olds have longer to file income tax?
There is no special provision for 80-year-olds to have a longer period to file their income tax returns. The standard deadline for filing taxes applies to all individuals, regardless of age. It is important to file taxes on time to avoid any penalties or interest charges.
Do working seniors over 65 have to pay FICA?
Yes, working seniors over 65 are still required to pay FICA (Federal Insurance Contributions Act) taxes on their earnings. These taxes fund Social Security and Medicare programs.
Does one pay fica taxes over 70 years of age?
No, individuals over the age of 70 are generally exempt from paying Social Security or Medicare taxes (FICA taxes) on any earned income. There is no age limit for paying income taxes on investment income, though.
Is a person over seventy five years of age required to file Federal Income tax?
It depends on their income. If their income exceeds a certain threshold, they are required to file a federal income tax return. It's recommended to consult with a tax professional for personalized advice.
Do people over 65 pay property taxes in Florida?
Yes, individuals over 65 are still responsible for paying property taxes in Florida. However, they may be eligible for certain exemptions or discounts based on their age, income, or other factors. It's best to check with the local tax assessor's office for specific information on tax relief programs for seniors in Florida.
Does my teenager who babysits need to file taxes?
No. A teenager who babysits only needs to file taxes if it is over $600 they are making.
Do you have to file taxes if you are over 80?
Income taxes are not witheld based on age. It is based on Earned income.
Do disabled vets pay property taxes?
Most states within the United States have provisions for deferral or exemption of property taxes for persons who qualify as being disabled. The qualifications vary by state, so you should contact your local tax assessor or tax collector to determine the requirements.
How many months do you have to be employed to file income taxes?
It's not time, it's amount. Over 3k and you must file.
What are some of the advantages of walk in bathtubs for disabled people?
The main advantage for a walk in bathtub for a disabled person is the fact that you do not have to climb over anything to get in.
How long should a person wait after a chapter 13 bankruptcy is dismissed to file income taxes for that year to guarantee to receive the refund?
You have to file your income taxes yearly regardless of whether you have filed for bankruptcy or not. Yes, IRS may garnish your refunds to pay toward your debts. If your bankruptcy is over however, you don't have to worry about that.
What is the minimum yearly income on which you have to file taxes in Oklahoma?
You have to have gross wages over $3,000.00 annually
Is income in respect of a decedent taxable?
Yes. Death does not get you out of paying income taxes in the United States. I do several returns a year for deceased people. This is called a Decedents Return. If the person dies on January 1st they have to file a return for the entire year if they had income over the threshold to file. The Administrator or whomever is in charge of the Estate is responsible to file and pay the any taxes due from the Estate.
How does the constitution provide for the situations in which the president is disabled?
The Constitution provides for the situations in which the president is disabled by establishing succession. It states who will take over if the president can no longer do his job, and who takes over if that person can't do it.
If I am approved for a tax extension how long do I have to get my taxes done and sent in What happens if I go over?
Usually if you are approved for a tax extension you will have until October to file your taxes. If you aren't done by October you can file again, but you may not get approved.
Can a disabled person get power of attorney over a parent?
If they are mentally competent, yes. Their disability does not disqualify them.
Been told that I cannot file taxes because parents claimed me as a dependent but made over 3000 is this true?
Absolutely, positively not.Whether your parents or anyone else claims you as a dependent has absolutely no effect on your obligation or ability to file taxes. Some people mistakenly believe that if your parents claim you as a dependent, they claim your income, your withholding and your refund, too. This is absolutely not true.People who make more than a certain amount are obligated to file taxes. However, ANYONE is permitted to file taxes. If you are due a refund, you must file taxes in order to get the refund. Your parents cannot get your refund for you. Whether your parents can claim you as a dependent has absolutely nothing to do with you. You must file your own taxes for your own income and withholdings. And if you owe taxes, you are obligated to file and pay them.
