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Every year the amount that requires you to file changes because it is based on your standard deduction, exemptions and your age and filing status.For 2016 that was $11850 for a single person over 65. If your pension is going to be $12000 for 2017 just about any amount is going to push you into being required to file.
The personal exemption for tax year 2017 remains as it was for 2016: $4,050. For single taxpayers and married individuals filing separately, the standard deduction rises to $6,350 in 2017.
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