The 2022 tax year deadline is quickly approaching next month, with many who are partaking in Social Security wondering if they should pay taxes for these benefits. A person may not even need to file for taxes this year depending on a variety of factors.
A person may not even need to file for taxes this year depending on one's age, marital status, and income level beyond what one receives from Social Security benefits. Even if a person is not required to file taxes this year, doing so may be worth it for those who wish to receive tax credits or tax refunds, according to CNET.
Even if a Social Security recipient is not required to file taxes this year, doing so may be worth it if federal tax income was withheld from a paycheck or if estimated tax payments were paid last year. Additionally, those who qualify for tax credits, including the earned income tax credit, should consider filing.
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