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What is the non-taxable income threshold for a retiree receiving social security benefits?
Wiki User
∙ 14y ago
For tax year 2009 tax return that you will file in the year of 2010.
Generally a person who is self-employed must file a tax return if their net earnings from self employment for the year exceed $400, and pay social security and Medicare taxes and any income taxes that may be due.
If a dependent on some one else tax return and unearned income (pension, rent, interest, dividends, capital gains, etc.) over 950 must file a tax return.
For 2009 filing single and under 65 the gross income amount is at least 9350 must file a tax return. Excluding social security benefits.
For more detailed information on filing requirements go to www.irs.gov and use the search box for 1040 choose 1040 instruction and go to page 7 through 9.
http://www.irs.gov/pub/irs-pdf/i1040.pdf
And of course you do not want to forget the state as they could have different filing requirements and possibly some benefits you could be entitled to if you were to file a tax return with them
Wiki User
∙ 14y ago
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If you are receiving unemployment benefits in Texas and will be 66 this month and now qualify for Social Security benefits will receiving Social Security affect your unemployment benefits?
No. Receiving SS benefits will not affect your unemployment.
If you receiving social security and are fired can you receive unemployment benefits?
If you are already receiving social security and are fired can you receive unemployment benefits?
What age can Americans begin receiving social security benefits?
62
Is unemployment compensation earned income when receiving social security benefits?
no
If your children start receiving benefits from your social security benefits will this decrease your benefit amount?
No it will not reduce the amount of benefits that you are qualified to receive.
When getting social security disability does vacation or holiday pay count as income?
Yes, vacation pay counts as income when receiving survivor benefits. It shouldn't change the social security benefits you are receiving, however.
Can your minor daughter get a job when she is receiving social security benefits?
It depends on the type of Social Security benefits the minor receives. Disability benefits would mean he is unable to work.
Will your Social Security payments be reduced when your spouse becomes eligible and receives his Social Security?
No. Your benefits are calculated individually and do not change when your spouse begins receiving his or her benefits.
Is there a cap on savings account while receiving social security disability benefits?
No cap. Your savings are not a factor in receiving social security benefits. After all, the government is simply returning YOUR money that you paid into your whole working life.
At What age can Americans begin receiving Social Security benefits?
62
Will Social Security benefits be lowered if you draw unemployment in Colorado?
Social Security has no affect on Colorado's unemployment benefits. Only 4 other states have their unemployment offset by a portion of Social Security.
Can a social security recipient outlive his social security benefits?
Generally yes, assuming you were legally married and didn't do them in. The surviving spouse can collect when they reach 62. If a surviving spouse is caring for a child who is receiving survivor benefits the spouse can also collect a benefit while the child is receiving benefits, and then it stops until the spouse is eligible for the retirement benefit.
