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Angie
Angie, Tax Preparer
Category: Social Security
Satisfied Customers: 225
Experience:  Bookkeeping, Profit and Loss, Balance SheetsAll types of US Taxes, Tennessee taxes, Personal, business, payroll, sales tax etc.
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I am retired,68 years old.......do I pay federal taxes on my

Customer Question

I am retired,68 years old.......do I pay federal taxes on my benefits.
Submitted: 7 months ago.
Category: Social Security
Expert:  Angie replied 7 months ago.
In order to answer your question, I need to know what kind of benefits you are receiving. If you only receive social security, you do not have to file a tax return. If you have other sources of income you may need to file.
Customer: replied 7 months ago.
My wife and I both receive monthly pensions where we pay federal and state withholding. My wife also receives a small amount each year from for substitute teaching.The total amount of our pension is $46,215.
Customer: replied 7 months ago.
also we had a small distribution from an IRAfor which we had withholding held.
Expert:  Angie replied 7 months ago.
You do need to file a tax return. Your benefits are taxable.
Expert:  Angie replied 7 months ago.
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