How much can a pensioner earn before they pay tax?

Answer 1

I am nearly 62 years old. I am working in a school. I have been working 52 hours a week but do not draw my state pension. I hadn't realised it is possible to work and get the pension. I was informed yesterday that it is. Due to ill health, I am going to have to cut my hours in Sept. Could you tell me how much I will be able to earn? Thankyou.

Answer 2

A self employed taxpayer would be required to file an income tax return if business operation had a net profit of 400 and pay the social security and Medicare taxes that would be due plus any income tax that may be due after adding the net profit to all other gross income on the 1040 tax form and the amounts would be subject to income tax at the taxpayer marginal tax rates.

A single taxpayer under the Age of 65 NO SELF EMPLOYMENT INCOME filing single for the 2009 tax year can have 9350 of income free of federal income tax before having to pay any federal income tax when the income tax return is completed correctly.

The must file an income tax return requirement for the year 2009 would be in the 2009 1040 instruction book starting on page 7 through 9 and the book is available at the IRS gov website and using the search box for 1040 and choosing instructions.

Filing Requirements

Answer 3

As of 2008, senior citizens have to file income taxes if they make more than $20,000 as a couple. Single payer seniors have to pay taxes if their salary is above $10,300.

Answer 4

How much can my dad earn before tax