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Manage My Life

At what age do you stop filing income tax returns?

by Manage My Life Last activity date:
April 29th, 2013

How old should you be before you are relinquished from filing income tax returns?

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Personal Taxes
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Manage My Life
The simple answer is if you do not have any gross income. If you do not have any "gross income" you do not have to file tax return. For older people - there are a few scenarios where social security does and does not count towards gross income. This website should help with that. irs.gov/uac/Are-Your-Social-Security-Benefits-Taxable%3F Thanks, John D.
by Manage My Life
April 29th, 2013
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Manage My Life
Well, it is true that everyone has to pay taxes, there are exceptions, especially for people age 65 and older. But there is no age at which you stop filing. You just need to check your income and the tax rules every year to determine if you need to report any of your income.
by Manage My Life
January 30th, 2013
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Manage My Life
To be eligible for a reverse mortgage loan, the FHA requires all home title holders to be 62 years or older. If there is a mortgage on the home. it may be paid off with the proceeds of the revers mortgage loan.

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Bruce Bent II
by Manage My Life
June 27th, 2012
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Manage My Life
I can understand how confusing our tax system is. There is no age limit on tax returns. As long as you have taxable income, you are required to file a return. If you don't make enough to support yourself and you live with someone else however then you can be claimed as their dependent, but there are requirements that must be met. The best place to find this information is on the IRS website:

IRS.gov

. I hope this helps. If you need further assistance, please reply to this thread. Thank you for using Manage My Life.
by Manage My Life
June 15th, 2012
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afritz afritz
There comes a time and a place for everything and I am sure just about anyone can be excited about not filing income taxes. While you are waiting for an expert to respond, I have attached some helpful links below that may provide information to assist you with your question. Have a great day!
Answered in 11 minutes
by afritz afritz
June 14th, 2012
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