another tax question

I think those emoticons adequately describe my reaction as well.

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what did i do wrong?

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Not save for retirement?

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got plenty money saved. 401k is still with company I worked for, and large saving acct.

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your correct sir. but do i have to file taxes when social security is my only income plus a little interest on saving? Plus the only bills I have total less than $500 a month and includes health insurance.

You have to claim 15% of your Social Security and your 1099-Int. If that adds up to less than your deduction and personal exemption, the answer is no you don't have to file.

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your correct sir. but do i have to file taxes when social security is my only income plus a little interest on saving? Plus the only bills I have total less than $500 a month and includes health insurance.

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if you had any federal tax withheld, you should file for a refund...other than that you won't owe any tax and I don't think you need to file

Brain cramp! It's 50% of your SS and your 1099-int. LINK

You don't wanna pay somebody $150+ to file your taxes just for the hell of it?

The income threshhold depends on your filing status and your age, or ages in the case of married filing joint. The 2011 standard deduction for those 65 or older is $1,450 higher for a single taxpayer than for one less than 65. Also, did you sell your personal residence in 2011? If so, you can't exclude the gain from the sale for purposes of determining your filing requirement. You'd have to file the return reporting the sale and the Section 121 exclusion even if your gross income is less than the filing requirement.