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IRS May Close This RMD Loophole

MarketWatch

Retired? Here’s when you don’t have to file your taxes – and when you do

Not all seniors need to file a tax return, but others may incorrectly think they fall in this category – don’t make that mistake. Single seniors need to file a tax return if they’re at least 65 years old and have gross income of $14,250 or more, according to the Internal Revenue Service. For seniors who are married where both spouses are 65 or older, they must file a return if their gross income was at least $27,800, and for couples where only one spouse is 65 or older, that amount is $26,450.

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