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Do I have to file a tax return if I only receive Social Security?

Retirement Planning Education 20 views

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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them We can get by, but can't seem to get ahead My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for
Comment from : @NaufalKnoechel

I CASHED IN MY 401 IN 2022 AND I HAVE PAID AN IRMAA ALL OF 2024 I GOT 2700000 FROM SOCIAL SECURITY IN 2023 AND THEY SENT ME A LETTER SAYING I HAVE TO PAY THE IRMAA AGAIN FOR 2025 FOR THE YEAR 2022 I TRIED TO FILE A TAX RETURN FOR 2023 BECAUSE THE 2700000 IS SO LOW THEY SAID I DID NOT HAVE TO FILE FOR 2023 AND NOW SS IS USING MY 2022 INCOME AGAIN FOR 2025 IRMAA HOW CAN I GET THS STRAIGHTENED OUT?
Comment from : @drc512

If you are on SS pension, and you have RMD from your 401(k) and IRA, must you file tax returns?
Comment from : @yannip2083

Hi AndybrIf both of us ( husband and wife )brhas only social security income brDo we have to pay tax ?brIf so what will be the maximum amount for No Tax ?brLooking forward your answer brThank you always
Comment from : @Green-jl9yh

Of Note, people who receive Social Security are not eligible to receive ACA (Obamacare), because they automatically qualify for Medicare They are dropped from the ACA rolls at age 65
Comment from : @bernaclischurchill4463

Thanks for the helpful info !
Comment from : @discoverglobeliving

Understanding tax requirements with Social Security is essential for retirement planning education This video clarifies the process effectively Thanks for the helpful info!
Comment from : @topplacetoLive

If you get zero income and have a retirement invested and are 50 do you have to file And I just got SSDI so next year do I have to file if the Ssdi is under 14k year and you just have a retirement sitting there
Comment from : @Julzartnerd

In Texas
Comment from : @ah-1946

If half of your SS benefit is above the minimum threshold, you will pay tax on your SS for the amount above the minimum So this means that for any SS benefit above 50k yearly, you would have your SS taxed
Comment from : @emilcost8613

Hello there, I received a SSA-1042S from Social Security for 2023, The Box6 Rate of Tax is 00, Box7 Amount of Tax withheld is none, Box8 Amount of Tax Refunded none, Box9 Net Tax withheld during 2023 (Box7 minus Box8) none, Box4 Benefits Repaid to SSA in 2023 NONE what should I do for the federal income Tax return report?
Comment from : @helenhong52

Thank you for the informative video Cute little bird 🐥 on that wall stand ❤
Comment from : @ShyGuy_2008

I don’t have any other income than social security and I was told I do have to file a return and I will pay taxes on 85 of it I gross just over 33k, no Medicare, single Is that wrong?
Comment from : @ReikiRaine

YES u DO!!!!even if is only a formality!!u may not have to paybut u have to FILE!!
Comment from : @deckiedeckie

Suppose if I get retirement and Social Security, do I have to file
Comment from : @alfredaphifer5119

I really like these short videos
Comment from : @tinale8297

On Social Security Early Retirement, and now 66 And apparently I make so little thatbrI'm still getting ObamacarebrSharing that tidbit with Insurance Agents who want to give me a "Great Deal" on a Medicare *DIS*advantage plan seems to get rid of them with a quickness
Comment from : @TimeSurfer206