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What else can I help you with?
Do you have to file income tax if you are age 83?
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.
Are widows who reside in Oklahoma tax exempt?
No. Not on federal taxes. Marital status nor age will exempt anyone from filing requirements for federal tax returns. I don't know about your state return.
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.
Do you have to file an income tax return over the age of 80?
There is no age limit on the requirement to file and income tax return. As long as you have more income than the filing threshold, you will be required to file a return, no matter what your age.
Who has to file tax returns?
Not everyone needs to file a federal tax return. Those with a certain gross income, tax filing and status and age must file. You many find more comprehensive information at http://www.investopedia.com/ask/answers/07/taxtipfederal.asp. is there a certain age when you don't have to file income tax return? what age can you stop filing?
How much a married couple has to make to pay taxes?
For the 2009 tax year a married couple filing a married filing joint income tax return both under the age of 65 filing a 1040 federal income tax return could have 18700 of adjusted gross income free of federal income tax after the 1040 federal income tax return is completed correctly and completely to the 1040 page 2 line 43 TAXABLE INCOME AMOUNT -0- ZERO.
When can you stop filing federal income tax?
Age or number of times one has filed is not a consideration at all.
Can you stop filing federal income tax?
Age or number of times one has filed is not a consideration at all.
How much income do you have to earn before you file income tax 2012?
How much income you have to earn before filing a 2012 Income Tax Return is determined by your filing status as Single, Married Filing Joint, Married filing Separate, Head of Household or qualifying widower. Based on your filing status and age if at the end of 2012 you are under 65 or 65 or older, file a return if your gross income was at least $3800 to $19,500.
What are the eligibility criteria for Income Tax Filing?
Fulfilling income tax filing requirements is now obligatory under the prevailing Income Tax regulations. Nevertheless, there are specific exemptions to this mandate, as outlined below: Exception 1: Annual Income Up to Rs. 5 Lakh for HUF/Individuals : Tax assesses falling under the category of Hindu Undivided Family (HUF) or individuals are exempt from mandatory e-filing if their annual income, encompassing both exempt and non-exempt sources, does not exceed Rs. 5 lakh. Exception 2: Super Senior Citizens (80 Years and Above) : Another exception applies to super senior citizens, i.e., individuals aged 80 years or above, during the relevant financial year. Such individuals are not compelled to undergo mandatory e-filing. In both scenarios mentioned above, taxpayers have the flexibility to choose between two modes of filing their income tax returns: E-Filing Option: Taxpayers falling within the stipulated exemptions can opt to electronically file their income tax returns. Paper ITR Form Option: Alternatively, they have the choice to utilize the appropriate paper-based ITR form for filing their returns. It’s imperative for taxpayers to be aware of these exceptions, ensuring that they comply with the appropriate filing method as per their eligibility. This flexibility allows eligible individuals, including those with lower incomes or advanced age, to select the filing approach that aligns with their preferences and ease of compliance.
When seventy years old do you still pay Taxes years old?
No as a senior citizen I am exempted from paying Income tax. The above answer is NOT correct. Corrected answer below 07/09/2010 YES. Age is NOT one of the requirements of when a person MUST FILE A INCOME TAX RETURN. When you have the amount of taxable income for your filing status to meet the MUST FILE A INCOME TAX RETURN you can be any age as long as you are still breathing you will be required to file your 1040 income tax return correctly and pay the amount of income TAX that may be due on all of your gross taxable worldwide income.
What is age of senior citizen in income tax?
65 years old till 31.03.2012Budget 2012 has made changes in age of Senior Citizen.Now, Any person if he is more than 60 years is considered as Senior Citizen for Income tax purpose in India.Relevant tax rates applicable for senior citizen is given here.http://taxgyan.in/senior-citizen-income-tax-rates-and-age/Income upto Rs 2,50,000 is exempt from Income Tax for Senior Citizens.Read more: Who_is_a_senior_citizen_for_income_tax_in_India
