Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Second opinion] i have a 2018 tax questionJA: What state are…

Customer Question
Second opinion] i have a...
Second opinion] i have a 2018 tax questionJA: What state are you in? It matters because laws vary by location.Customer: illJA: Has anything been filed or reported?Customer: no it involves 2018JA: Anything else you want the lawyer to know before I connect you?Customer: im 65 single and retirered . what is the most income i can have and pay no federal tax in 2018 ?
Submitted: 7 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 1 hour by:
1/4/2018
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 7 months ago
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 2,756
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
Verified

Hello, I will give you a second opinion.

If you are a single tax payer in 2018 you may earn up to $13,000 without paying any income tax. This is your standard deduction allowed to all taxpayers.

__

If you are currently receiving Social Security you may earn up to $17,040 before your benefits are reduced since you are still under the full retirement age of 66.

__

If you file as an individual and your combined income — by this, Social Security means adjusted gross income and nontaxable interest plus one-half of your Social Security benefits — is below $25,000, your benefits won't be taxed at all.

Please let me know if this is the information you were looking for.

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
Can retire at end of year but have $34,000 to payoff house.
Second opinion] can retire at end of year but have $34,000 to payoff house. how will that effect social security for 2019? should I wait until full retirement oct. 28, 2019?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
What is the best way to give my house to my son without tax
Second opinion] what is the best way to give my house to my son without tax involving… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,648 satisfied customers
Can interest & charity donations be used on 2018 tax return?
Can interest & charity donations be used on 2018 tax return? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Second opinion] Is there gift tax involved in settling
Second opinion] Is there gift tax involved in settling transfer on death deed?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
How much to answer 1 question on how much I will take home
How much to answer 1 question on how much I will take home biweekly in Illinois.I have had harsh year so how much does this cost before we go on … read more
Carter McBride
Carter McBride
LLM
1,223 satisfied customers
My wife and I are both 71, are retired and have only Social
My wife and I are both 71, are retired and have only Social Security & dividend income, no earned income. After our yearly RMD's, Can we make a partial Roth Conversion from our IRA accounts to our Rot… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have question about starting a one participant 401 K plan.
Second opinion] I have question about starting a one participant 401 K plan… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Can the IRS seize my assets for neither having health
Second opinion] Can the IRS seize my assets for neither having health insurance or paying the penalties.… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
If I retire and begin to draw SS half way thru the year,
If I retire and begin to draw SS half way thru the year, does the income I've earned to that point count as part of the 14,500$ I can earn before loosing some of the SS benefit? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,648 satisfied customers
Second opinion] HiJA: What seems to be the problem? I have a
What state are you in? It matters because laws vary by location.Customer: NY… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
California. Yes. This case is involves spousal support with
This case is involves spousal support with no children… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I have received the life insurance benefit from my deceased
I have received the life insurance benefit from my deceased father. Will I have to pay N.C. tax or Federal tax on this? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Second opinion] Does Switzerland offer a tax amnesty to
Second opinion] Does Switzerland offer a tax amnesty to foreigners living in Switzerland?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
D to increase THE AMMOUNTMENT OF TAX TAKEN OUT OF MY
d to increase THE AMMOUNTMENT OF TAX TAKEN OUT OF MY RETIREMENT CHECK. … read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
I want to confirm that I do not have to file Federal or
I want to confirm that I do not have to file Federal or State Taxes on my SSDI or any other government benefits that I have received. Thanks. *****: What state are you in? It matters because laws vary… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
How much can a single person make befor being taxed. Okla.
how much can a single person make befor being taxed … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I'm being audited for my 2014 return. There requiring employ
I'm being audited for my 2014 return. There requiring employ business expenses and misicellaneous deductions. I had my taxes done by someone else and I'm afraid he made some of these figures up?? What… read more
socrateaser
socrateaser
1,031 satisfied customers
This is a tax question, Indiana, Just checking to see how
Just checking to see how much you are allowed to make when the couple is 76 and 73 years old before you need to file a tax return … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x