It depends on the individual's income. If the 80-year-old meets certain income thresholds set by the state of South Carolina, they may be required to file taxes. It is recommended to check with a tax professional or the South Carolina Department of Revenue for more specific guidance.
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.
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.
If you are unmarried and at least 65 years of age, then you must file an income tax return if your gross income is $11,500 or more. However, if you live on Social Security benefits, you don't include this in gross income. If this is the only income you receive, then your gross income equals zero, and you don't have to file a federal income tax return. But if you do earn other income that is not tax-exempt, then each year you must determine whether the total exceeds $11,500. If you are married and file a joint return with a spouse who is also 65 or older, you must file a return if your combined gross income is $22,400 or more. If your spouse is under 65 years old, then the threshold amount decreases to $21,200. Keep in mind that these income thresholds only apply to the 2013 tax year, and generally increase slightly each year.
My mom is 88 years old and is still paying outrages federal income taxes. I have always heard, that at age 70, you could earn as much as you want, without being taxed. She has a little farm, which pays her about 20,000 a year, and she has a very small pension, and a very small social security, since she is what they called a notch baby. Could you give me some information on how she should be taxed?
The amount of money an 82 year old can earn before having to pay taxes depends on their filing status, sources of income, and deductions. In 2021, for a single filer aged 65 or older, the standard deduction is $14,250. So, an 82 year old can earn up to this amount before having to pay taxes.
No, I did not file as exempt on my taxes for the entire year.
You can file as exempt on your taxes for one year at a time.
If you got unemployment in 2012 you do have to file taxes if you didn't have the taxes taken out of the unemployment you received.
Around 130 Million people file taxes each year Thanks
April 15 is the last day to file your taxes each year.
Yes, in the United States, most individuals are required by law to file taxes every year.
Yes, if you had a Marketplace plan in the previous year, you will need to file Form 1095-A when you file your taxes.
Yes, you can file married filing jointly for your taxes this year if you are legally married as of December 31st of the tax year.
No
Rent has nothing to do with how you file your income taxes, nor does who pays rent. If you are single you will file your taxes as single.
You can file your taxes online at turbotax.com and get free tax help via chat and forums if you need it. This is how I file my taxes every year and I have never had a problem.
My son didn't file taxes last year 2011. is he still able to claim any of his 2011 taxes along with his 2012 taxes in 2013?