IRS tax requirements for retirees: Who has to file?

For most people, it is pretty straightforward. If your 2022 gross income was below the threshold for your filing status and age, you may not have to file. (Getty Images)

Dear Savvy Senior: What are the IRS income tax filing requirements for retirees this tax season? My income dropped way down when I retired in 2022, so I’m wondering if I need to even file a tax return this year. — Recently Retired

Dear Recently: Whether you are required to file a federal income tax return this year will depend on how much you earned last year, as well as the source of the income, your age and filing status.

Here’s a rundown of this tax season’s IRS tax filing requirement thresholds:

Single: $12,950 ($14,700 if 65 or older by Jan. 1, 2022).

Married filing jointly: $25,900 ($27,300 if you or your spouse is 65 or older; or $28,700 if you’re both over 65).

Married filing separately: $5 at any age.

Head of household: $19,400 ($21,150 if 65 or older).

Qualifying widow(er) with dependent child: $25,900 ($27,300 if 65 or older).

For most people, it is pretty straightforward. If your 2022 gross income — which includes all taxable income, not counting your Social Security benefits, unless you are married and filing separately — was below the threshold for your filing status and age, you may not have to file. But if it’s over, you will.

To get a detailed breakdown on federal filing requirements, along with information on taxable and nontaxable income, call the IRS at 800-829-3676 and ask them to mail you a free copy of “1040 and 1040-SR Instructions for Tax Year 2022,” or you can see it online at IRS.gov/pub/irs-pdf/i1040gi.pdf.

Other financial situations

Be aware that there are other financial situations that can require you to file a tax return, even if your gross income falls below the IRS filing requirements. For example, if you earned more than $400 from self-employment in 2022, owe any special taxes such as an alternative minimum tax, or get premium tax credits because you, your spouse or a dependent is enrolled in a Health Insurance Marketplace plan, you’ll need to file.

You’ll also need to file if you’re receiving Social Security benefits and one-half of your benefits plus your other gross income and any tax-exempt interest exceeds $25,000, or $32,000 if you’re married and filing jointly.

To figure all this out, the IRS offers an online tax tool that asks a series of questions that will help determine if you’re required to file or if you should file because you’re due a refund. It takes less than 15 minutes to complete.

You can access this tool at IRS.gov/Help/ITA — click on “Do I Need to File a Tax Return?” Or you can get assistance by calling the IRS helpline at 800-829-1040.

Tax preparation help

If you do need to file a tax return, you can do so for free at IRS.gov/FreeFile if your 2022 adjusted gross income was below $73,000.

Or, if you need some help, contact the Tax Counseling for the Elderly program. Sponsored by the IRS, TCE provides free tax preparation and counseling to middle- and low-income taxpayers 60 and older. Call 800-906-9887 or visit IRS.treasury.gov/freetaxprep to locate services near you.

You can also get tax preparation assistance through the AARP Foundation Tax-Aide service. Call 888-227-7669 or visit AARP.org/findtaxhelp for more information. You don’t have to be an AARP member to use this service.

Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org.