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In many areas, school taxes do not automatically end at age 70. However, some states and localities offer exemptions or reductions for seniors, which can significantly lower their school tax burden. It's important for individuals to check their local regulations and eligibility for any senior tax relief programs. Always consult with a tax professional or local tax authority for specific information related to your situation.
What else can I help you with?
Do you pay taxes after age seventy if you continue to work?
yes you do my father pays taxes he is 70
Do you have to pay taxes after age 70?
SURE YOU DO. You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.
What is the age requirement to file taxes?
There is no age requirement, if you have sufficient income you have to file taxes. CHECK THE IRS AND YOUR STATES GUIDLINES , BUT GENERALLY IF YOU EARN ABOVE A CERTAIN INCOME , AND CERTAIN TYPES OF INCOMES-----NONE OF WHICH IS AGE RELATED UNLESS YOU ARE RETIRED AND OVER A CERTAIN AGE - I THINK ITS 70 YRS BUT CHECK THE BOOKS TO MAKE SURE
How much money can you make at age 70 and have to pay taxes if your income is ss?
At age 70, if your income comes solely from Social Security benefits, you may not owe federal income taxes if your total income is below certain thresholds. For individuals, if your combined income (including half of your Social Security benefits) is below $25,000, you generally won't pay taxes on your benefits. However, if your income exceeds this threshold, you could be taxed on up to 85% of your Social Security benefits. It's important to consider other sources of income as well, since they can affect your tax liability.
Does everyone pay FICA taxes?
Oh, isn't that a happy little question! FICA taxes are typically paid by most employees and employers to fund Social Security and Medicare. It's like a little way of helping each other out and taking care of our community. So, yes, most people do pay FICA taxes, and it's all part of contributing to the greater good.
Do you pay taxes after age seventy if you continue to work?
yes you do my father pays taxes he is 70
Does one pay fica taxes over 70 years of age?
Well, honey, FICA taxes are like that annoying relative who never leaves - they stick around no matter how old you are. So yes, even if you're sipping margaritas on a beach at 70, you'll still be forking over those FICA taxes if you're earning income. Age ain't nothing but a number to the taxman!
Do you have to pay taxes after age 70?
SURE YOU DO. You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.
What is the age requirement to file taxes?
There is no age requirement, if you have sufficient income you have to file taxes. CHECK THE IRS AND YOUR STATES GUIDLINES , BUT GENERALLY IF YOU EARN ABOVE A CERTAIN INCOME , AND CERTAIN TYPES OF INCOMES-----NONE OF WHICH IS AGE RELATED UNLESS YOU ARE RETIRED AND OVER A CERTAIN AGE - I THINK ITS 70 YRS BUT CHECK THE BOOKS TO MAKE SURE
Are there limitations for someone over 70 buying travel insurance?
There are some limitations for customers that are over the age of 70 for buying travel insurance. Many companies increase the premiums for customers over the age of 70.
What is the age of the social security program?
Over 70 years
What percentage of women with children of school age are in paid work?
70+ percent
What percentage of the world population are over the age of 18?
approximately 70%
What is the approximate age of the social security program?
over 70 years
What is the high school drop out rate for Houston Texas?
over 70% in a year
Why cant anyone give me a straight answer do you have to pay income if your 70 and older what the hell yes or no?
YES, YES, YES. There is no age limit that will stop anyone from filing and paying income taxes. I have seen several people who were told this or assumed this in error. If you have taxable income over the filing threshold then you are required to file a tax return no matter what your age is. I hope this has helped you even though it may not be the answer you had hoped for.
Can you close an IRA after age 70 and one half?
Yes, you can close an IRA after age 70 and a half. Once you reach this age, you can start taking distributions from your IRA without penalty. Keep in mind that you will need to pay taxes on any withdrawals you make, as contributions to traditional IRAs are typically tax-deductible.
