Shep
New Member
Cash: $ 1.15
Posts: 5
Joined: 24 Mar 2006
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| Low-Income Tax Advice |
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Hi There,
I'm new here and could use some advice. I'm on Social Security as my only source of income. My wife has always handled the taxes combined with her income. I am now seperated from her and frankly, I'm lost. I assume I'll file married but seperate, or do I even have to file taxes since I only get money from the Government? If I do, can I deduct medical expenses such as dr. appts and medication? And they take a piece every month for Medicare, can this be deducted? Thanks, really appreciate any info you all can give me here! 
Shep
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Fri Mar 24, 2006 6:14 am |
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JBendar
Senior Member
Cash: $ 49.60
Posts: 271
Joined: 22 Mar 2004
Location: Woodbridge, New Jersey
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| Income Taxes |
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Shep:
I cannot advise you since there would have to be a professional arrangement for me to do that. The general advice on this matter that would apply to similar individuals in your situation. First if you are divorced rather than just separated, then you must file as single. Depending on your age (over 65 if you are on Medicare), your income ceiling is $9,450 to be required to file a tax return. Social Security benefits are not taxable if you are single and your income is under $25,000. You are not able to claim medical expenses unless you itemize your deductions (some states, such as NJ allow you to itemize a certain percentage). That is about all the general information I can share with you at this time. Good luck with your future.
JBendar 
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Fri Mar 24, 2006 7:10 pm |
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Shep
New Member
Cash: $ 1.15
Posts: 5
Joined: 24 Mar 2006
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Thanks! This is good stuff. Much appreciated.
Shep
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Sat Mar 25, 2006 6:21 am |
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