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Social Security can potentially be subject to tax regardless of your age. While you may have heard at some point that Social Security is no longer taxable after 70 or some other age, this isnt the case. In reality, Social Security is taxed at any age if your income exceeds a certain level.
If Social Security is your sole source of income, then you dont need to file a tax return. However, if you have other income, you may be required to file a tax return depending on the amount of other income.
Table 1-1. 2023 Filing Requirements Chart for Most Taxpayers IF your filing status is. . .AND at the end of 2023 you were . . .*THEN file a return if your gross income** was at least. . .single65 or older$15,700head of householdunder 65$20,80065 or older$22,650married filing jointly***under 65 (both spouses)$27,7006 more rows
About 40% of people who get Social Security must pay federal income taxes on their benefits. This usually happens if you have other substantial income in addition to your benefits.
Taxes arent determined by age, so you will never age out of paying taxes. Basically, if youre 65 or older, you have to file a return for tax year 2023 (which is due in 2024) if your gross income is $15,700 or higher. If youre married filing jointly and both 65 or older, that amount is $30,700.

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In addition to VITA, the TCE program offers free tax help, particularly for those who are 60 years of age and older, specializing in questions about pensions and retirement-related issues unique to seniors.

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