I am on permanent disabilty but still able to work pt total $$ is less than $25 thousand do I need to file.
2007-02-03 23:36:51 · 3 answers · asked by motorcyclegiftswarehouse.com 2 in Business & Finance ➔ Taxes ➔ United States
Yes, you do need to file. Paying taxes is how we (the United States government) pays for the disability you receive. So if you want your disability to continue, you really should be paying your taxes with a great big smile on your face.
Depending on how much you made, your exemptions, your payments in and expenses, you might even get a refund.
2007-02-03 23:47:35 · answer #1 · answered by Anonymous · 4⤊ 1⤋
Generally your disability payments are not taxed unless it is an employer sponsored plan that you did not pay for.
All other income is taxable if it exceeds the limits for earned income. For a single taxpayer who is not the dependent of another taxpayer you must file if that income is greater than $8,450 for tax year 2006. Even if the other income -- from the PT job, etc. -- is less than that, you should file to get a refund of any income taxes that were withheld.
2007-02-04 08:08:55 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yes.
You're required to file if your taxable income is greater than:
personal exemption + standard deduction
This year:
3300 + 5150 = 8450 (for filing single)
3300 + 10,300 = 13,600 (for filing married joint)
2007-02-04 07:41:25 · answer #3 · answered by Anonymous · 0⤊ 1⤋