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Christopher B, Esq.
Christopher B, Esq., Attorney
Category: Social Security
Satisfied Customers: 2983
Experience:  associate attorney
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How much do I have to get in SS Benefits before I have to

Customer Question

How much do I have to get in SS Benefits before I have to file income tax forms
JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.
Customer: I received 30,082.80 in benefits for 2016. Do I have to file income tax with irs. This is my only sorce of income
JA: Is there anything else important you think the Retirement Accountant should know?
Customer: No
Submitted: 9 months ago.
Category: Social Security
Expert:  Christopher B, Esq. replied 9 months ago.

My name is ***** ***** I will be helping you today. Thank you for your question and for using justanswer.com. Give me a bit and I will draft you an answer.

Expert:  Christopher B, Esq. replied 9 months ago.

From the IRS, "If Social Security was your only income in 2015, your benefits may not be taxable. You also may not need to file a federal income tax return. If you get income from other sources you may have to pay taxes on some of your benefits." See link: https://www.irs.gov/uac/your-social-security-benefits-may-be-taxable

As long as SSA was your only source of income, you will not have to file an income tax return although it might be wise if you will receive a refund. There's one exception to that, and one only. If you live with your spouse and you file Married Filing Separately then 85% of your Social Security benefits are automatically subject to tax.

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Expert:  Christopher B, Esq. replied 9 months ago.

Just checking back in, do you have any further questions?