Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

I'm 79 years old and still work. Do I still have to include…

Customer Question
I'm 79 years old...

I'm 79 years old and still work. Do I still have to include S.S.Income on my 2017 IRS tax return?

Accountant's Assistant: What state are you in? It matters because laws vary by location.

I'm in California

Accountant's Assistant: What steps have you taken so far?

I have w-2 Taxable income of $38,079 and S.S.Income of $19851, and I thoughtbafter 70 yrs old the S.S.Income is not taxable. Please help me.

Accountant's Assistant: Anything else you want the lawyer to know before I connect you?

This is my question,,,can I exclude S.S.Income from my tax calculations since I'm over 70 yrs of age?

Submitted: 3 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 5 minutes by:
4/3/2018
Tax Professional: Barbara, Enrolled Agent replied 3 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,393
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Unfortunately, age has nothing to do with whether income is taxable or not.

You will include your earnings and Social Security income on your tax return.

Based on the information you provided, part of your Social Security will be taxed.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Ask Your Own Tax Question
Tax Professional: Barbara, Enrolled Agent replied 3 months ago

Just following up with you to see if you have any other questions/concerns. If so, please let me know so I can continue to assist you.

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
I have questions about whether I can make deductible
I have questions about whether I can make deductible contributions to our SEP IRA under the new tax laws. My wife and I both have separate SEP IRAs but we are both over 70 1/2. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,155 satisfied customers
I am a 74 yr. old military retiree. My wife and I just
I am a 74 yr. old military retiree. My wife and I just received a CP11 letter from the IRS, stating that I miscalculated the tax on Social Security Benefits and the final tax computation on our 2017 1… read more
Barbara
Barbara
Enrolled Agent
6,393 satisfied customers
I turned 70 in January of 2017 so I was forced to start
I turned 70 in January of 2017 so I was forced to start taking Social Security payments while I was still working. Some colleagues have said that income made after a person is 70 years old means that … read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,127 satisfied customers
Federal and California state taxes: Yet another "Do I Need
Federal and California state taxes: Yet another "Do I Need To File" questionMy wife and I receive Social Security benefits totaling a bit more than $35K annually, and in the past we have not needed to… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,127 satisfied customers
Turbotax says I can have a $6500 IRA. My only income is SS
Turbotax says I can have a $6500 IRA. My only income is SS of 28K and RMD of 21K. I thought only earned income would allow me to have an IRA. Taking 6500 IRA will save me 1700 in income tax to fed. Is… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I was a federal employee and was overpaid in 2017 in the
I was a federal employee and was overpaid in 2017 in the amount of $2441.62. I recently received an Income Tax Adjustment statement from DFAS. It references (Rev Rul, 79-311) as specification to repor… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,155 satisfied customers
I will be 78 years old on Dec. 31, 2017. I have a $350,000
I will be 78 years old on Dec. 31, 2017. I have a $350,000 IRA. How do I calculate my RMD? My parents passed away before the age of 70. My aunts and uncles were gone before age 85. I'm not concerned a… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,474 satisfied customers
I have retired effective September 29, 2017. I am going to
I have retired effective September 29, 2017. I am going to transfer my 401k to an IRA. Am I required to take the minimal distribution this year or can I defer it to 2018? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,474 satisfied customers
I qualified for bonafide residence test this year- completed
I qualified for bonafide residence test this year- completed my taxes along with form 2555. It looks as though It appears that my foreign income earned was not considered taxable, however, shouldn't I… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
We are an Indian citizen family of me, my wife and a 13yrs
We are an Indian citizen family of me , my wife and a 13yrs old son living in USA with our US Green Cards . Me and my wife file joint income tax return in US . Please clarify me about the below : (1) … read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,127 satisfied customers
I retired officially from a university in January, 2015 with
I retired officially from a university in January, 2015 with a 403-b account. However I continued to work part time for them since then and am contributing to the same 403-b and will receive a W-2 for… read more
Tax.appeal.168
Tax.appeal.168
Principal
13 satisfied customers
I am working full time and will turn 70 in August of this year.
I am working full time and will turn 70 in August of this year. I was widowed at age 66 and started collecting survivors social security through my husband's account. Is my W-2 income 100% taxable and… read more
Barbara
Barbara
Enrolled Agent
6,393 satisfied customers
tax question when i turn 70 in 1 1/2 its my understanding
tax question when i turn 70 in 1 1/2 its my understanding i have to take some payment from my 401 and roth ira. how much do i have to take each year . i have about 300K/yr income from other investment… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,127 satisfied customers
I am planning to retire in 2014 at age 62.My wife will continue
I am planning to retire in 2014 at age 62.My wife will continue to work full time and earn approx $71000/yr).She contributes to a 401K plan at work($4500/yr).She also contributes to a Roth IRA($5000/y… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Is their an age limit concerning Social Security and other
Is their an age limit concerning Social Security and other income. Example: Other income earned during the year is $25,000. The other income is sent out on 1099's to the government as well as the pers… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,127 satisfied customers
I SOLD AN APARTMENT IN NEW YORK MY INCOME IS 14,000.OO THE
I SOLD AN APARTMENT IN NEW YORK MY INCOME IS 14,000.OO THE PRICE IN THE APARTMENT WAS 21O,000.OO Y BOUTH THE APAR. IN 50,OOO.OO IN 1986, MY SON WAS LIVING IN FOR THE L,AST 17 YRS. DID I GUALIFIED FOR … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hello. I recently retired on disability after 24 yrs. w/the
Hello. I recently retired on disability after 24 yrs. w/the USPS.I need someone familiar with the TSP. (Equivalent to a 401k for gov't employees.) I'm only 51 yrs. old so ny disbursements sre going to… read more
Bill
Bill
Master\u0027s Degree
3,132 satisfied customers
My question is I work for the USPS. I contribute to the TSP(Thrift
My question is: I work for the USPS. I contribute to the TSP(Thrift Savings Plan). I am 68 yrs old. I plan to work until I'm 75 yrs old. Since I will be actively working, will I be forced at 70 1/2 yr… read more
Bill
Bill
Master\u0027s Degree
3,132 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