Ask Experts Questions for FREE Help !
Ask
    birddog81's Avatar
    birddog81 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 23, 2011, 06:29 AM
    76 yrs. Old
    I am 76 yrs. Old how much can I make without paying income tax ?
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #2

    Dec 23, 2011, 07:09 AM
    Age has nothing to do with income tax, but I have a feeling you mean while collecting Social Security?
    You are at full retirement age so can earn as much as you want.
    Younger, you have to look on the SS website for the tables showing different amounts.
    When you do taxes, SS doesn't have to be counted if it's below a certain amount for married or single, which may change each year.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #3

    Dec 23, 2011, 07:20 AM
    You DO have to FILE taxes no matter how old you are, unless your only income is SS and it's under the taxable amount.
    I don't want to sound like I said 'you can earn as much as you want' and not pay taxes. Being 76 doesn't exempt you from taxes, period.
    taxesforaliens's Avatar
    taxesforaliens Posts: 649, Reputation: 117
    Senior Member
    		  
    #4

    Dec 23, 2011, 09:08 AM
    You will get a higher standard deduction.
    Have a look her, Table 20-2
    http://www.irs.gov/publications/p17/ch20.html#en_US_2011_publink1000259845
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

I am 27 yrs old, I had an abortion 6 yrs ago after abortion I put multiloader (loop). [ 1 Answers ]

I am 27 yrs old, I had an abortion 6 yrs ago after abortion I put multiloader (loop). After 2 yrs got pregnant and again I aborted the child and got 3 yrs loop inserted. Last month I took of the loop. My husband still do not wants a child I do not have a single kid. 1: Is again putting Loop for 3...

Hi I'm 26 yrs old [ 4 Answers ]

Hi I'm 26 yrs old and a mother of 3 , me and my partner ar ejust using the pull out method but I've not felt rite for a few weeks now an my period is 2 weeks early , its also very light an I'm getting the brown discharge you get when you are coming off! I'm really confused , any feedbak would be...

A is 4 yrs older than B, in 7 yrs the sum of age will be 70 how old are they? [ 7 Answers ]

Math problem A is 4 yrs older than B in 7 years the sum of their ages will be 70. How old are they now?

35 yrs of marriage -33 yrs of disagreements and misery for both [ 7 Answers ]

Have been married for 35 yrs - all we have shared is two children who ar both 30 + and married. In the last ten years I have heard no compliments, kind word or had happy conversation. On one hand she nags me & criticizes me to death to watch my diet, but makes my life absolute hell. I am sure...

F-1 Over 5 yrs [ 5 Answers ]

Hi I am on F-1 Visa and have been in the US for over 5 yrs. I know I have I have to use 1040 not 1040NR. My questions are as follows 1. I am married and my wife has not been here for over 5 yrs.She is on F-1 visa too but no income. Can we still file jointly as residents? 2. If we file jointly...

View more questions Search