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January 28, 2025
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Texas, Federal taxas

  • January 28, 2025
  • 2 replies
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Do I need to pay federal taxes on gambling winnings of 10,170.48 and my ssdi of $15,896.40 in the year 2024?

    Best answer by RobertB4444

    No.

     

    There are two tests to decide if you need to file a tax return.  The first is to be aware of your filing status and then the total amount that you have to earn in order to have to file for that status.  For the 2024 tax year those are-

     

    Single and Under 65 - $14,600

    Single and Over 65 - $16,550

    Head of Household and Under 65 - $21,900

    Head of Household and Over 65 - $23,850

    Married Filing Jointly and Both Under 65 - $29,200

    Married Filing Jointly and One Under 65 - $30,750

    Married Filing Jointly and Both Over 65 - $32,300

    Qualifying Surviving Spouse Under 65 - $29,200

    Qualifying Surviving Spouse Over 65 - $30,750

     

    (Married Filing Separately has to file if they only make $5)

     

    The total of all your income must add up to those amounts in order for you to have to file a tax return.  

     

    But the second test - the one @xmasbaby0  mentions - is to decide whether you have to include your social security as income when calculating whether you have to file.

     

    If you are single and your total income is below $25,000 when you include half of your social security benefits then you do not need to include your social security benefits in your income when deciding if you are have to file.

     

    $7,948.20 added to $10,170.48 is $18,118.68.  That is less then $25,000.  So you do not have to include your social security as income when deciding whether you have to file.

     

    Then $10,170.48 - which is your total income without your social security - is below the filing threshold for your status which is Single and over 65.  So you do not need to file a tax return.

     

    [Edited 01/29/25  07:50 AM PST]

    [Edited 01/28/25  12:53 PM PST]

    @28grace 

    @28grace 

     

    @28grace 

    2 replies

    Employee
    January 28, 2025

    You need to file a federal return if half your Social Security plus your other income is

     

    Single or Head of Household      $25,000

    Married Filing Jointly                  $32,000

    Married Filing Separately            $0

     

     

    Who has to file?

    http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F

     

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    28graceAuthor
    January 28, 2025

    Do I need to pay taxes and file a tax return, if half of my ssdi is $7,948.20 and my gambling winnings are $10,170.48?

    January 28, 2025

    No.

     

    There are two tests to decide if you need to file a tax return.  The first is to be aware of your filing status and then the total amount that you have to earn in order to have to file for that status.  For the 2024 tax year those are-

     

    Single and Under 65 - $14,600

    Single and Over 65 - $16,550

    Head of Household and Under 65 - $21,900

    Head of Household and Over 65 - $23,850

    Married Filing Jointly and Both Under 65 - $29,200

    Married Filing Jointly and One Under 65 - $30,750

    Married Filing Jointly and Both Over 65 - $32,300

    Qualifying Surviving Spouse Under 65 - $29,200

    Qualifying Surviving Spouse Over 65 - $30,750

     

    (Married Filing Separately has to file if they only make $5)

     

    The total of all your income must add up to those amounts in order for you to have to file a tax return.  

     

    But the second test - the one @xmasbaby0  mentions - is to decide whether you have to include your social security as income when calculating whether you have to file.

     

    If you are single and your total income is below $25,000 when you include half of your social security benefits then you do not need to include your social security benefits in your income when deciding if you are have to file.

     

    $7,948.20 added to $10,170.48 is $18,118.68.  That is less then $25,000.  So you do not have to include your social security as income when deciding whether you have to file.

     

    Then $10,170.48 - which is your total income without your social security - is below the filing threshold for your status which is Single and over 65.  So you do not need to file a tax return.

     

    [Edited 01/29/25  07:50 AM PST]

    [Edited 01/28/25  12:53 PM PST]

    @28grace 

    @28grace 

     

    @28grace 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    28graceAuthor
    January 28, 2025

    Thank you so much for your reply.

    Employee
    January 28, 2025

    Enjoy your winnings!

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**