When do you not file income tax

For simple tax returns only. Taxable Income vs. Filing Your Taxes Late. Estimate your tax refund and where you stand Get started. Easily calculate your tax rate to make smart financial decisions Get started. Know how much to withhold from your paycheck to get a bigger refund Get started. Estimate your self-employment tax and eliminate any surprises Get started.

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See how much your charitable donations are worth Get started. The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Skip To Main Content. When Social Security benefits may be taxable When determining whether you need to file a return and you receive Social Security benefits, you need to consider tax-exempt income because it can cause your benefits to be taxable even if you don't have any other taxable income.

To figure out if your Social Security benefits are taxable: Add one-half of the Social Security income to all other income, including tax-exempt interest. Then compare that amount to the base amount for your filing status. If the total is more than the base amount, some of your benefits may be taxable.

Income thresholds for taxpayers 65 and older are higher If you are at least 65 years old, you get an increase in your standard deduction. You also get an increased standard deduction if: You are blind Or your spouse is also at least 65 Or if your spouse is blind The largest standard deduction would be for a married couple that are both blind and both over 65 years old.

These filing rules will still apply to senior citizens who are living on their Social Security. For tax years after , only the standard deduction is used because exemptions are no longer used in calculating your taxable income under the new tax law passed in the latter part Bear in mind that these income thresholds only apply to the tax year, and usually increase somewhat each year after.

There are certain circumstances when seniors must add their Social Security benefits in their gross income. Even if you have to file a tax return, there are ways you can decrease the amount of tax you will pay on your taxable income. An original return claiming a refund must be filed within 3 years of its due date for a refund to be allowed in most instances.

After the expiration of the three-year period, the refund statute prevents the issuance of a refund check and the application of any credits, including overpayments of estimated or withholding taxes, to other tax years that are underpaid. However, the statute of limitations for the IRS to assess and collect any outstanding balances doesn't start until a return has been filed.

In other words, there's no statute of limitations for assessing and collecting the tax if no return has been filed. Page Last Reviewed or Updated: Jan