Fed Tax Rates 2024 Over 65

Fed Tax Rates 2024 Over 65. If you turned 65 by the end of 2023, your gross income in 2023 needs to be at least $15,700 before you’re required to file a federal tax return. There are seven federal income tax rates in all:

Firstly at 65 the tax threshold above which you would even begin paying tax is higher, at r99 056 per year (in 2012 it was r93 150). Your wages are subject to withholding for income tax, social security tax, and medicare tax even if you are receiving social security benefits.