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I have older parents....I was thinking what about the people in senior homes and hospitalized or just old and don't file taxes. Are you excused at a certain age?

2007-01-02 23:00:23 · 12 answers · asked by iam2tempting2000 1 in Business & Finance Taxes Other - Taxes

12 answers

You would have to file an income tax return at any age as long as you have taxable income above the total allowable standard exemption and personal exemption allowance. If your income is less than this total then you don't have to file at any age unless you qualify for the earned income credit. The earned income credit is a refundable credit that does not depend on your having taxes withheld from your salary.

2007-01-02 23:50:50 · answer #1 · answered by waggy_33 6 · 1 0

It depends on their level of income, not age. Most of the time, the elderly do not have to file because they do not meet the income standards.

However, if you or your parents need to file, you should know about the IRS program for free tax preparation.

Make sure that you get the full benefit of your refund by staying far away from H & R Block or one of those other commercial places. The IRS has a program called VITA that does free tax preparation for households earning $40,000 or less. They can make sure that you get all your eligible credits, such as the Earned Income Tax Credit, the Child Tax Credit, the Dependent Care Credit, etc.

This is an absolutely FREE service. They can e-file and do direct deposit so that you can get your return back in 7-10 days. There is no need to get a refund anticipation loan, which is really nothing more than a high interest loan where you would be paying to borrow your own money. You have worked hard for your money and you should be able to keep it! To find a VITA free tax site near you, call the IRS at: 1-800-829-1040.

I work with the VITA sites in Nashville and know that it can make a huge difference for working families. www.unitedwaynashville.org/nwba.

2007-01-05 15:05:59 · answer #2 · answered by rachkw81 2 · 0 0

Have you heard of this sentence?
Death and Taxes are the surest things.

Long-winded answer?

You pay tax till you die. Just because you are old, infirm, incapacitated etc... is no excuse for not filing i.tax. Also there are no excuses because of age. Even the person who has income below the personal exemption will still have to file in order to take advantage of certain things the tax system offers.

Short answer: yipper, you have to file regardless.

But, if your q. is aimed at helping them file taxes then I would say what a noble person you are. You are helping humanity and you need to be appreciated for selflessness.

2007-01-02 23:10:45 · answer #3 · answered by Nightrider 7 · 0 0

In the US, the requirement to file depends on income, not on age. Many seniors have incomes at a level that requires them to file.

There is a very good program called TCE, jointly sponsored by the IRS and AARP, that provides free income tax preparation to people with low to middle income, with special attention to seniors. You can find more info on this by typing "TCE" into the search box at irs.gov. AARP has a site that shows locations for TCE services - it's not up yet for this tax year, but will be in the next couple weeks.

2007-01-03 05:03:48 · answer #4 · answered by Judy 7 · 0 0

not in this country (Canada) as long as you have income you pay tax on it, even if the income is from a government pension, then send you a check each month but deduct the taxes so they give you a bit and keep some of it and just change departments. Even when you die if for some reason you generate income -- say you wrote a book and people still buy it after you are dead, then your estate must pay income tax on that income -- I suspect that Elvis Presley still pays income tax!

2007-01-02 23:11:14 · answer #5 · answered by Anonymous · 0 0

You are supposed to file income taxes no matter what age and most times if you are a senior it is to your advantage especially in Canada as you would receive provincial tax credits and GST. If your parents are in a seniors home and are anyway disabled you can also get a disability form signed by their doctor and this would save you abour $1400.00 in taxes. This form can be obtained by calling in Canada 1-800-959-2221

2007-01-03 00:30:33 · answer #6 · answered by Anonymous · 0 0

I was told by my tax account, once my mother was placed in a Nursing Home and she was on medicaid, she did not have to file anymore.

2017-01-30 11:41:27 · answer #7 · answered by heyyouling 1 · 0 0

Everyone must file regardless of age or income (or no income).

2007-01-02 23:09:58 · answer #8 · answered by Patricia S 6 · 0 2

It depends on many things

2016-08-23 14:17:36 · answer #9 · answered by Anonymous · 0 0

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2016-05-22 22:26:43 · answer #10 · answered by Anonymous · 0 0

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