$14,592. Social Security benefits
$2257. stock dividends income
$2000. retirement income
total income of $18,849
She has no dependents , no mortgage payments (she lives in a reverse mortgage home).
What if any Federal taxes would she pay?
Suggestion:
Taxes and your Social Security benefits
Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits.
No one pays federal income tax on more than 85 percent of his or her Social Security benefits based on Internal Revenue Service (IRS) rules.
If you:
* file a federal tax return as an "individual" and your combined income* is
between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
more than $34,000, up to 85 percent of your benefits may be taxable.
This site has more detailed information.
{ 8 comments… read them below or add one }
I don't think anyone who's income is below $22,000 pays any tax at all. $22,000 is the cut off point, anyone earning below that is in poverty according to the Fed. She will not need to file a tax return at all.
You should ask this question under the tax category, but I would say with her total income less than $24,000 yearly she will pay nothing and doesn't even need to file. Good luck.
ss is taxable, but I don't know what other rules apply. You need to check with an expert. YA is probably not the best place to ask this.
Her taxes are on the dividends and the other retirement income if that is a pension. I have a friend who files every year and receives less than that.
If her total income is below the amount listed in the IRS instruction book as the minimum amount that requires filing then she doesn't have to file.
You should go see a tax expert and see if she has to pay any taxes on her income.
I think if total income is less than $25,000 there is no tax to pay.
How odd. I was told the maximum people could receive on SS was $3000,Heck no. I do not have close to $3000 . I wish I did. I thought I should be getting more. She could probably
find a man, really easily. No insult meant.
I live at poverty level, in horrible subsidized housing with no health insurance and am sick. Barely afford groceries and part of the income I desperately needed was taken from me after being …blanked…out of life again, for no reason, except to let statutes pass. I committed no crimes, nor acts of immorality whatsoever. I have no stock dividends, no retirement income.Went to all possible limits of honesty and hard work to avoid this. Forced to sell my home I was buying,( hate apartments) moved here to get work, which I was told I would be able to get, by people otj working. Said would most likely not at all be a problem, more than one said that. I could not get past human resources. . Was not able to get work of any sort which did not cause me horrible pain, and which was in my profession. The one job I had,they ran me off the road at thee am. I could have been seriously injured. No kidding.. Five years down the drain now. The people I moved here to be near, I do not get to see often. I wanted to do many things, here, SOME for and with them, and can do nothing
much at all due to little money to preserve or restore my health. I am hated. They are so anal anal anal. Like sodom and gomorroh which is not about homosexuality. I am hetero. I am a proud hetero. If they can say it, I can. Despised. I cannot go back. I prefer death. Forced relationships are rape, also. They rape women in a million and one ways. I had a plan and it was feasable and doable.Down the drain, once again.
. I have fought like a tiger all my life for a college education, for a career, which I earned fairly and squarely, by dint of hard work and the support of my kids and husband.. I fought to work since I was l7 years old and they fought me tooth and nail with every criminal means available. I paid back my student loan two payments a month while working for minimum wage and slightly more, over years, living in housing which should have been condemned, while ruining my health. Now. I am not able to work, they want to force me.
I never, at any time ever , needed drugs tow ork, only something to sleep on night shift.
I have an abuse syndrome which comes back with bloody nightmares when things go crazy, such as moving 3500 miles to find I was screwd to the max again. Excuse the slang.
I am sick. I really am. I cannot afford to get well. No one cares. It is nothing but dominance and abuse. Rape, sublimated rape. Rape is about dominance and control, abuse, not sex. All though this, I have had a group, a cult if you will, who degrades, defames, wait until I am doing something, then harass and insult and degrade me ruin everything, it involves sublimated pedophilia, voyeurism, molesting me as a child. . Will not talk to me untilI get to the culmination of my career, or think I/we am/are going to have something.It is over lies, abuse, more abuse, exploitation, blackmail, extortion. Lies.Fast bucks for others.
I am happy for your Mother. I did not realize…, my Mom was a minority, a dark skinned minority. Did that have anything to do with all that meanness? My Dad had a funny nose. It was not they, not I. It was prejudice. Very sick, distorted psych. I went to high school in the early sixties to mid. Different. I had no clue why. I guess, I see, I am darned lucky to be alive and do what I did in life, and i did not do the bad things they said. I did not steal, do drugs, shoplift or sleep around, inspite of being attacked,asaulted and battered four times, two rape attempts, and two attempted murders, attacks in school, out. I went to church all I could. I did get some college, worked as a steno, Caseworker, and an RN.Not as long as I wanted to: I never wanted to work for the State ever. I was a Steno first. Attacked twice as a caseworker and a murder attempt during childbirth. For real, do you think they will admit it. Could I do anything. Not a thing. Not a thing. They do not care.I took typing and shorthand , general business, to work my way through college to go to nursing school. Wanted a husband and children, also. .It was not easy in anyway but academically. I really thought I had B.O. Is that an excuse for battery, blackmail, extortion? They said I did not have B.O. I was entitled to some due to fear.. My IQ scores fluctuated depending…on which lies were circulating. Did not affect my scholastic aptitude or motivation.
Know what. I would have had a retirement from the State for that caseworker job, but they attacked me x 2,and messed with my kids. I am working up a head of steam over this deal with the kids. Ripped out my afterbirth, One in a hurry to go fishing, pitocin,
slashed me. Hurt me. Then college was sooooo much better than hs. I actually received the grades I earned. it was soooo much better. Then I go to work. Not the same. I could have had a pension from that Big Co. job but they harassed me, mocked me, dragged up humiliating things. I had to quit.
I could have had a retirement from that other state job they said they had hired me for but , something else happened there. There are aiders and abetters here. I have had my husband ripped from me. Forced to sell my home. AFTER COLLEGE guess what. I was homeless for two years. Cannot get the work I had before college….what are the implications.
Doesn't take a rocket scientist to figure it out.
Sue for a job, that is compensation for allthe other. No. I earned my education. They cannot all be liars. If they lied about me, they did everyone else. Taken on to the highway dumped like you cannot do a dog, no food, no coat, no money. No information, no help. Nothing. I have done nothing but report crime and they said I didn't do it right.When I really got good at being an RN, guess what. They ripped it all off again, after I scrimped an saved over $10.000 living, in a shack not fit for human habitation, mocked ridiculed. DP on a home from this money which cost me my teeth, legs, lungs, guts scrimping, not federal, not subsidized rent, bought a home. Forced to sell it. Then here I am. I don't do anything to deserve these things. Last time I said I wanted to date and marry a man. No one in mind. I had wanted to remarry. Suddenly,
it is like I have leprosy.