{"id":3168,"date":"2016-03-28T15:01:50","date_gmt":"2016-03-28T19:01:50","guid":{"rendered":"http:\/\/thevillagesattworivers.com\/?p=3168"},"modified":"2016-03-28T15:01:50","modified_gmt":"2016-03-28T19:01:50","slug":"a-retirees-guide-to-2016-tax-requirements","status":"publish","type":"post","link":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/","title":{"rendered":"A Retiree\u2019s Guide to 2016 Tax Requirements"},"content":{"rendered":"

It\u2019s hard to believe, but Tax Day is just around the corner, leaving many retirees to wonder if they need to file their taxes this year. We know that the filing process can be overwhelming and unenjoyable for many taxpayers, and many retirees aren\u2019t sure of whether or not they need to file. <\/span><\/p>\n

For those retirees, including our residents at The Villages at Two Rivers, we\u2019ve pulled together the following guide to help determine whether 2016 taxes need to be filed:<\/span><\/p>\n

Determine your 2015 gross income. <\/b>Your gross income includes all taxable income, not counting benefits from Social Security.<\/span><\/b><\/p>\n

Determine your status. <\/b>Your options are: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.<\/span><\/p>\n

Compare your gross income to the threshold for your status. <\/b>If your 2015 gross income was below the threshold for your status, you likely will not have to file taxes in 2016. However, if your 2015 gross income was higher than the threshold for your status, you will have to file. The thresholds for each status are below:<\/span><\/p>\n

– Single:<\/span> $11,850 if you\u2019re 65 or older by January 1, 2016<\/span><\/p>\n

– Married filing jointly<\/span>: $23,100 if you and your spouse are both over the age of 65, and $21,850 if either you or your spouse is 65 or older<\/span><\/p>\n

– Married filing separately<\/span>: $4,000, at any age<\/span><\/p>\n

– Head of household<\/span>: $14,800 if over the age of 65<\/span><\/p>\n

– Qualifying widow(er) with dependent child<\/span>: $17,850 if over the age of 65<\/span><\/p>\n

Don\u2019t forget about your state!\u00a0<\/b>Even if you\u2019re exempt from filing a 2016 federal tax return, that doesn\u2019t necessarily mean that you\u2019re exempt from filing your state return. Residents at The Villages of Two Rivers can check the filing requirements for Maryland,\u00a0here<\/a>.<\/span><\/b><\/p>\n

Ask for additional assistance: <\/b>There\u2019s an abundance of resources for retirees who need more information about whether or not they should file their 2016 taxes. The IRS sponsors a program called Tax Counseling for the Elderly (TCE), which can provide free counseling and tax preparation for taxpayers over the age of 60! Or, you can visit an AARP Tax-Aide center, which offers free tax preparation to taxpayers over the age of 50. Residents at The Villages at Two Rivers have a Tax-Aide location conveniently located in the Crofton Library!<\/span><\/p>\n

SOURCE: Grayson County News Gazette, Internal Revenue Service, AARP<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s hard to believe, but Tax Day is just around the corner, leaving many retirees to wonder if they need to file their taxes this year. We know that the filing process can be overwhelming and unenjoyable for many taxpayers, and many retirees aren\u2019t sure of whether or not they need to file. For those […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":4,"featured_media":3169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"yoast_head":"\nA Retiree\u2019s Guide to 2016 Tax Requirements - Two Rivers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Retiree\u2019s Guide to 2016 Tax Requirements - Two Rivers\" \/>\n<meta property=\"og:description\" content=\"It\u2019s hard to believe, but Tax Day is just around the corner, leaving many retirees to wonder if they need to file their taxes this year. We know that the filing process can be overwhelming and unenjoyable for many taxpayers, and many retirees aren\u2019t sure of whether or not they need to file. For those [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/\" \/>\n<meta property=\"og:site_name\" content=\"Two Rivers\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/livetworivers\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-28T19:01:50+00:00\" \/>\n<meta name=\"author\" content=\"Two Rivers Blog Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@livetworivers\" \/>\n<meta name=\"twitter:site\" content=\"@livetworivers\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Two Rivers Blog Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/\"},\"author\":{\"name\":\"Two Rivers Blog Team\",\"@id\":\"https:\/\/www.livetworivers.com\/#\/schema\/person\/de593df2216da3f84b3f9b06e1556136\"},\"headline\":\"A Retiree\u2019s Guide to 2016 Tax Requirements\",\"datePublished\":\"2016-03-28T19:01:50+00:00\",\"dateModified\":\"2016-03-28T19:01:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/\"},\"wordCount\":389,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.livetworivers.com\/#organization\"},\"articleSection\":[\"Article\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/\",\"url\":\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/\",\"name\":\"A Retiree\u2019s Guide to 2016 Tax Requirements - Two Rivers\",\"isPartOf\":{\"@id\":\"https:\/\/www.livetworivers.com\/#website\"},\"datePublished\":\"2016-03-28T19:01:50+00:00\",\"dateModified\":\"2016-03-28T19:01:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.livetworivers.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A Retiree\u2019s Guide to 2016 Tax Requirements\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.livetworivers.com\/#website\",\"url\":\"https:\/\/www.livetworivers.com\/\",\"name\":\"Two Rivers\",\"description\":\"New Single Family Homes in Odenton with Exclusive 55+ Village\",\"publisher\":{\"@id\":\"https:\/\/www.livetworivers.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.livetworivers.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.livetworivers.com\/#organization\",\"name\":\"Two Rivers\",\"url\":\"https:\/\/www.livetworivers.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.livetworivers.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.livetworivers.com\/wp-content\/uploads\/layerslider\/homepagesldier\/home-slider2_v2-3.jpg\",\"contentUrl\":\"https:\/\/www.livetworivers.com\/wp-content\/uploads\/layerslider\/homepagesldier\/home-slider2_v2-3.jpg\",\"width\":1380,\"height\":703,\"caption\":\"Two Rivers\"},\"image\":{\"@id\":\"https:\/\/www.livetworivers.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/livetworivers\",\"https:\/\/twitter.com\/livetworivers\",\"https:\/\/www.instagram.com\/livetworivers\/\",\"https:\/\/www.youtube.com\/channel\/UCsYmiF1Y-WQH-wYTEC_JphA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.livetworivers.com\/#\/schema\/person\/de593df2216da3f84b3f9b06e1556136\",\"name\":\"Two Rivers Blog Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.livetworivers.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bff68ec6f7b3aa70eb8d6b22d67556ff?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bff68ec6f7b3aa70eb8d6b22d67556ff?s=96&d=mm&r=g\",\"caption\":\"Two Rivers Blog Team\"},\"url\":\"https:\/\/www.livetworivers.com\/author\/designborczdixon-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A Retiree\u2019s Guide to 2016 Tax Requirements - Two Rivers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/","og_locale":"en_US","og_type":"article","og_title":"A Retiree\u2019s Guide to 2016 Tax Requirements - Two Rivers","og_description":"It\u2019s hard to believe, but Tax Day is just around the corner, leaving many retirees to wonder if they need to file their taxes this year. We know that the filing process can be overwhelming and unenjoyable for many taxpayers, and many retirees aren\u2019t sure of whether or not they need to file. For those [...]Read More...","og_url":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/","og_site_name":"Two Rivers","article_publisher":"https:\/\/www.facebook.com\/livetworivers","article_published_time":"2016-03-28T19:01:50+00:00","author":"Two Rivers Blog Team","twitter_card":"summary_large_image","twitter_creator":"@livetworivers","twitter_site":"@livetworivers","twitter_misc":{"Written by":"Two Rivers Blog Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/#article","isPartOf":{"@id":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/"},"author":{"name":"Two Rivers Blog Team","@id":"https:\/\/www.livetworivers.com\/#\/schema\/person\/de593df2216da3f84b3f9b06e1556136"},"headline":"A Retiree\u2019s Guide to 2016 Tax Requirements","datePublished":"2016-03-28T19:01:50+00:00","dateModified":"2016-03-28T19:01:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/"},"wordCount":389,"commentCount":0,"publisher":{"@id":"https:\/\/www.livetworivers.com\/#organization"},"articleSection":["Article"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/","url":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/","name":"A Retiree\u2019s Guide to 2016 Tax Requirements - Two Rivers","isPartOf":{"@id":"https:\/\/www.livetworivers.com\/#website"},"datePublished":"2016-03-28T19:01:50+00:00","dateModified":"2016-03-28T19:01:50+00:00","breadcrumb":{"@id":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.livetworivers.com\/a-retirees-guide-to-2016-tax-requirements\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.livetworivers.com\/"},{"@type":"ListItem","position":2,"name":"A Retiree\u2019s Guide to 2016 Tax Requirements"}]},{"@type":"WebSite","@id":"https:\/\/www.livetworivers.com\/#website","url":"https:\/\/www.livetworivers.com\/","name":"Two Rivers","description":"New Single Family Homes in Odenton with Exclusive 55+ Village","publisher":{"@id":"https:\/\/www.livetworivers.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.livetworivers.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.livetworivers.com\/#organization","name":"Two Rivers","url":"https:\/\/www.livetworivers.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.livetworivers.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.livetworivers.com\/wp-content\/uploads\/layerslider\/homepagesldier\/home-slider2_v2-3.jpg","contentUrl":"https:\/\/www.livetworivers.com\/wp-content\/uploads\/layerslider\/homepagesldier\/home-slider2_v2-3.jpg","width":1380,"height":703,"caption":"Two Rivers"},"image":{"@id":"https:\/\/www.livetworivers.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/livetworivers","https:\/\/twitter.com\/livetworivers","https:\/\/www.instagram.com\/livetworivers\/","https:\/\/www.youtube.com\/channel\/UCsYmiF1Y-WQH-wYTEC_JphA"]},{"@type":"Person","@id":"https:\/\/www.livetworivers.com\/#\/schema\/person\/de593df2216da3f84b3f9b06e1556136","name":"Two Rivers Blog Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.livetworivers.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bff68ec6f7b3aa70eb8d6b22d67556ff?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bff68ec6f7b3aa70eb8d6b22d67556ff?s=96&d=mm&r=g","caption":"Two Rivers Blog Team"},"url":"https:\/\/www.livetworivers.com\/author\/designborczdixon-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.livetworivers.com\/wp-json\/wp\/v2\/posts\/3168"}],"collection":[{"href":"https:\/\/www.livetworivers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.livetworivers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.livetworivers.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.livetworivers.com\/wp-json\/wp\/v2\/comments?post=3168"}],"version-history":[{"count":0,"href":"https:\/\/www.livetworivers.com\/wp-json\/wp\/v2\/posts\/3168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.livetworivers.com\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.livetworivers.com\/wp-json\/wp\/v2\/media?parent=3168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.livetworivers.com\/wp-json\/wp\/v2\/categories?post=3168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}