Why would I have to pay to do tax return if only income is social security?

Forum|Forum|2 years ago
February 22, 2024
2 replies
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TurboTax Online

Best answer by Vanessa A

Most people with only SS as there income, do not need to file a tax return.

If you fall into the following, 85% of your social security is taxable income

Single with income above $34,000
Married Filing Jointly with income above $44,000
Married Filing Separate regardless of income

If you fall into the following, 50% of your social security is taxable income

Single with combined income between $25,000-$34,000
Married Filing Jointly with combined income between $32,000 and $44,000

Your combined income is calculated by adding your

AGI plus
Nontaxable Interest plus
1/2 of your social security Benefits

Social Security Benefits Taxes

If you are filing because you had insurance through the marketplace, then you should be able to use the free version. Simply skip all the questions regarding your home and other deductions so it does not try to push you into using a higher version of TurboTax. You will only need to answer what is actually relevant to you. With no other income, you would not benefit by trying to enter itemized expenses such as your mortgage interest or medical expenses.

xmasbaby0

Employee

If your only income is Social Security you do not even have to file a tax return unless you had tax withheld and need a refund or if you have a 1095A for marketplace health insurance.

**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.**

Vanessa AAnswer

Most people with only SS as there income, do not need to file a tax return.

If you fall into the following, 85% of your social security is taxable income

Single with income above $34,000
Married Filing Jointly with income above $44,000
Married Filing Separate regardless of income

If you fall into the following, 50% of your social security is taxable income

Single with combined income between $25,000-$34,000
Married Filing Jointly with combined income between $32,000 and $44,000

Your combined income is calculated by adding your

AGI plus
Nontaxable Interest plus
1/2 of your social security Benefits

Social Security Benefits Taxes

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VolvoGirl

Employee

If you only get SS or SSDI or a SSA-1099 it is not taxable and you don't have to file a return. Unless you are married and your spouse is filing a return. You can just leave and abandon this return.