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Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 10130
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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I am 67 years old, live alone I have heard that I do not

Customer Question

I am 67 years old, live alone
I have heard that I do not need to file a tax return
Social Security $8903.
WV income tax return $1635
Bank interest $23.
Submitted: 7 months ago.
Category: Tax
Expert:  Lane replied 7 months ago.
That's right ... Federal rules are that 1/2 of your social security plus other household income needs to be 25,000 before the social security is taxable....And WV, for those over 65, has an automatic $8,000 deduction...you have no need to file at all
Expert:  Lane replied 7 months ago.
I hope this has helped....Please let me know if you have any questions at all....If this HAS helped, and you DON’T have other questions … I'd appreciate a positive rating (using the faces or stars on your screen, and then clicking “submit That’s the only way JustAnswer will credit us for the work here....Thank you!Lane……I hold a law degree (JD, Juris Doctorate), with concentration in Tax Law, Estate law & Corporate law, an MBA, with specialization in finance & tax, as well as CFP® and CRPS designations. - I’ve been providing financial, Social Security/Medicare, estate, corporate, both for-profit and non-profit, and tax advice, since 1986.

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