How much can a senior citizen make without paying taxes?

+1 vote
asked May 30 in Other-Finance by Pradeepo (490 points)
How much can a senior citizen make without paying taxes?

1 Answer

0 votes
answered Jun 1 by Essmann (10,530 points)
A senior citizen only has to file income tax if they earn more than $25,000.00 per year.

However if you're living on social security income than you don't have to include that income in your tax return.

If you earn more than $25,000.00 per year then you need to report that income on your tax return and your social security benefits may be reduced for taxes.

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