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Digest

Ask the Times

By TIMES WIRES
Published March 21, 2007


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DO SENIORS OVER AGE 72 WHO ARE WORKING 30 TO 35 HOURS A WEEK HAVE TO PAY FEDERAL, SOCIAL SECURITY AND MEDICARE TAXES? DO THEY NEED TO FILE A RETURN AND DO THEY STILL GET REFUNDS?

-DAVE DOUGLAS, SEMINOLE

There is no age at which those taxes cease to be withheld from working seniors. They must file a return unless their annual income falls below the IRS filing requirement threshold of $8,450 for singles under age 65 or $9,700 for those age 65 and older. The income threshold for married seniors filing jointly ranges from $16,900 to $18,900 depending on the ages of both spouses. See www.irs.gov for clarification or call your area tax office.

Compiled from Times staff and wires.

[Last modified March 21, 2007, 01:48:44]


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