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We are buying a house and pay taxes on it. We dont pay federal or state taxes.

2007-01-17 16:17:10 · 7 answers · asked by Anonymous in Business & Finance Taxes United States

7 answers

You "can" file taxes, and you may want to if you are eligible for the earned income or child tax credit. Filers who make under a certain amount and have little or no taxes deducted may want to file even if they don't have to because they may be entitled to a cash refund from the IRS, even if they paid no taxes. This is a result of the earned income tax credit (EITC) and the child tax credit (CTC). If you made little income, you are likely also eligible to e-file your taxes for free directly on the IRS web site. Check it out here:
http://www.irs.gov/efile/article/0,,id=118986,00.html

2007-01-17 16:29:18 · answer #1 · answered by Carter 3 · 1 2

No.
SSD is not taxable income. Since you had no earned income nor did you have taxes taken from the SS payments, there's nothing to refund or deduct to reduce your tax liability.
Interest from mortages and property tax reduce your AGI, thus lowering your tax liability. EIC is based on earned income. The Child Tax Credit reduces the tax owed. Since you had no earned income, you have no tax.

2007-01-18 02:51:15 · answer #2 · answered by Celeste 6 · 1 0

You have no taxable income that you mentioned. So you would not get a refund.

But do file the 1040EZ-T and get your telephone excise tax rebate. It's not much, only $50, but why not get it? Here is the form:

http://www.irs.gov/pub/irs-pdf/f1040ezt.pdf

2007-01-18 18:29:00 · answer #3 · answered by ninasgramma 7 · 0 0

it is not garnished, it is levied upon. it is secure in entire social secure practices earnings merely like the section he gets for figuring out how plenty is taxable. His baby desires to consume too.

2016-12-16 07:19:33 · answer #4 · answered by Anonymous · 0 0

no income that you payed taxes on, there for you cant get a morgage interest deduction- i.e tax money you paid, back. there is no mortgage credits.

2007-01-17 16:25:36 · answer #5 · answered by Jen 5 · 1 1

No. Isn't SSD enough? I work to pay for my house, and yours. Don't be so greedy...

2007-01-17 16:22:42 · answer #6 · answered by Anonymous · 0 2

no

2007-01-17 16:40:02 · answer #7 · answered by cork 7 · 0 0

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