Garcia is single, 65 years old, and has no dependents. Garcia will not have to file a tax return in 2018 if:
I.his gross income does not exceed $12,000.
II.his only income is $11,000 of social security benefits.

Question

Garcia is single, 65 years old, and has no dependents. Garcia will not have to file a tax return in 2018 if:
I.his gross income does not exceed $12,000.
II.his only income is $11,000 of social security benefits.
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Quizplus · Accepted Answer

For 2018, the standard deduction for a single filer who is 65 or older is $13,600. Statement I is correct because if Garcia's gross income does not exceed $12,000, it is below the standard deduction amount, so he would not need to file a tax return. Statement II is correct because if Garcia's only income is $11,000 of social security benefits, typically, social security benefits are not taxable unless the individual has substantial income from other sources, which is not the case here. Therefore, he would not need to file a tax return.

Garcia Is Single, 65 Years Old, and Has No Dependents