Do we have to file taxes?

Our only income is social security and a very small pension amount. We were told by our accountant that we did not need to file taxes any longer. Is this true?

Retirement, Pensions, Social Security, Taxes
Answers
Sort By:
Most Helpful
March 2016

IT sounds like from what you've said and what your accountant has told you, you may not need to file your income taxes.  Generally if your income is below your standard adduction, the IRS does not mandate you file an income tax return. According to the IRS here are the 2015 standard deduction amounts :

Filing Status Standard Deduction
Single $6,300
Married Filing Jointly $12,600
Married Filing Separately $6,300
Head of Household $9,250
Qualifying Widow(er) $12,600