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    a_nemcik's Avatar
    a_nemcik Posts: 2, Reputation: 1
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    #1

    Jul 10, 2011, 06:13 PM
    I am 72 years old, do I have to pay Federal Income Tax?
    I am 72 years old, do I have to pay federal Income tax?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jul 10, 2011, 06:13 PM

    Do you have income?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Jul 12, 2011, 05:52 AM
    If your ONLY source of income is Social Security or Social Security Disabilty, the answer is NO!

    However, if you have income from a private pension, interest and/or dividends or other earnings from stocks, bonds, real estate, etc. then you will owe taxes.

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