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how much income can i have without paying income tax at 70 yrs old?
5 Answers
- JudyLv 71 decade agoFavorite Answer
In addition to what Bob F said, if your only income is from social security, you won't owe any income tax.
- Bob FLv 61 decade ago
If you are single, you can make $10250 in 2008 if over 65.
If you are married, you can both make a total of $19900 in 2008 if both are over 65.
You will still probably have to pay some to your state.
- Anonymous1 decade ago
Same as everybody else. Except I think you also get an extra age allowance.
- JssLv 71 decade ago
If you are a single, your exemption deduction is $3500 and standard deduction is $6800. So your deduction are $$10,300.
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- Anonymous1 decade ago
$15 000
