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Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Social Security
Satisfied Customers: 17886
Experience:  B.A.; M.B.A.; J.D.
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I am a 67 year old on Social Security full retirement in

Customer Question

I am a 67 year old on Social Security full retirement in 2015 I earned 67500 for a consulting job. Do I have to file taxes on this money.
Submitted: 10 months ago.
Category: Social Security
Expert:  Phillips Esq. replied 10 months ago.

Yes, you do have to file taxes on the amount. However, whether you would pay taxes on the amount would depend on your deductions.

Customer: replied 10 months ago.
OK let's start from the beginning, I am disable but when I turned 66 years of age Social Security granted me full retirement. It was my understanding I could work and make as much as 41K without having to file I am trying to find out will I or can I deduct that amount from the 67500K and file taxes on the remaining balances.
Expert:  Phillips Esq. replied 10 months ago.

No. You must file taxes on ALL your income and then take the proper deductions that you are entitled.