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The IRS will only ask you to file a tax return if your gross income is greater than or equal to the minimum filing threshold for the current year. For 2024, the IRS has set the following minimum ...
As a general rule, if Social Security benefits were your only income, your benefits are not taxable and you probably don’t need to file a federal income tax return, according to the Social ...
If your combined income is between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits. If it’s more than $34,000, up to 85% of your benefits may be taxable. File a ...
Last year's 8.7% COLA was a welcome gift to Social Security recipients. It could mean a tax bill come April. ... federal tax return as an individual and your combined income from all sources ...
SGA does not include any work a claimant does to take care of themselves, their families or home. It does not include unpaid work on hobbies, volunteer work, institutional therapy or training, attending school, clubs, social programs or similar activities: [6] however, such unpaid work may provide evidence that a claimant is capable of substantial gainful activity. [7]
Please note that The IRS has announced that the federal income tax deadline for individuals is May 17, 2021 for the 2020 tax year. ... then you do not need to file a tax return. Social Security is ...