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Manage My Life

At what age do you stop filing income tax returns?

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Manage My Life
There is no longer an age restrict. They must file a return if their income is more than their standard deduction plus exemption allowances.
by Manage My Life
January 1st, 2013
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Manage My Life
There is no such age when you are exempt.

From ehow:
If you are over age 65, that threshold is $10,750. However, if you had over $400 in self-employment income or interest income, you must file a tax return.

Read more: When Can I Stop Filing Income Taxes? | eHow.com ehow.com/info_8025684_can-stop-filing-income-taxes.html#ixzz26rNiTPwT
by Manage My Life
September 18th, 2012
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Manage My Life
As a former tax accountant, the simple answer is never. You even have to file a final tax return after your death. Your estate may have to file a return depending on how it is set up. I did read the info that the link provided and do agree with the information.

I will tell you that many people that do not file returns because they "don't owe any tax" often miss out on tax credits. A recent example was the no worker left behind credit. Years ago during the Bush years each person was given a credit of ~$500/ person. Also, for those in the lower income area, earned income credit can be a surprising addition to your refund. Seniors are also beneficiaries of tax credits in many states. None of us like to pay taxes and certianly have high anxiety filing returns. However, you can benefit from doing so on occaison.

For those of you that want to save your money and not pay anyone, I have used H & R Block at Home (formerly Taxcut) since the late 1990s. I do not and have never worked for the above mentioned company. I used to use professional tax software and found this program to have similar results.

Good luck!
(a little known fact-April 15th is not always the federal tax filing deadline. (It is the 3rd Tuesday of April). In 2013 it will be April 16th. This year it was April 17th.
by Manage My Life
August 14th, 2012
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Manage My Life
We all want to be able to live without having to file taxes. While you are waiting for an expert to respond, I have attached a helpful link below that may provide information to assist you with your question. Have a great day!
by Manage My Life
July 19th, 2012
Answered in 6 minutes
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