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Lev
Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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I am on Social Security Disability grossing $15,858 a year.

Resolved Question:

I am on Social Security Disability grossing $15,858 a year. I withdrew $11,360 from my IRA which brought my total income to $27,218. Do I have to file a return?
Submitted: 5 years ago.
Category: Tax
Expert:  Lev replied 5 years ago.

Hi and welcome to Just Answer!
If you are single - yes - you are required to file your tax return.
However - none of your Social Security Disability are taxable - your only taxable income is $11,360 IRA distribution.

Your standard deduction is $5800

Ppersonal exemption $3800

Taxable income $1860

Estimated federal income tax liability $186 - minus any withholding (if any).

Let me know if you need any help or clarification.

Customer: replied 5 years ago.
The tax advisers at AARP at the library told me not to even file a return for 2010, so I didn't. Am I in trouble? What about 2011? I was going to repeat what I did last year.
Expert:  Lev replied 5 years ago.

In 2011 you are required to file your tax return if your taxable income is above $9500

With $11,360 IRA distribution in 2011 - you are required to file your tax return.

Customer: replied 5 years ago.
That was in 2010. With $11,360 IRA distribution in 2010. Not 2011. So I need to file for 2010 now?
Expert:  Lev replied 5 years ago.

With $11,360 IRA distribution in 2010 you are required to file 2010 tax return.

Yes - you need to file.

Lev and 2 other Tax Specialists are ready to help you
Customer: replied 5 years ago.
So can I withdraw $9,500 in 2012 and not file?
Expert:  Lev replied 5 years ago.
That is correct if you take less than $9750 distribution and will not have any taxable income in 2012 - you will not have any tax liability and will not be required to file your tax return.
Customer: replied 5 years ago.
Can I take the figures you gave me about 2011 and apply them to 2010?
The figures were as follows:

Your standard deduction is $5800

Ppersonal exemption $3800

Taxable income $1860

Expert:  Lev replied 5 years ago.

No - for 2010 there were different amounts:

standard deduction is $5700

personal exemption $3650
Taxable income $11,360-$5700-$3650=$2100 and your estimated tax liability $210.