What is Case Management? A âcaseâ is any project, transaction, service or response that is âopenedâ and âclosedâ over a period of time to achieve resolution of a problem, claim, request, proposal, development or other complex activity.
It is income, not age, that determines when you can stop paying federal income taxes. Basically, you have to file a tax return as of publication if you and your spouse, both over 65, had combined income of more than $21,300 or half your Social Security benefits and other income was more than $32,000 combined. If you're single, you have to file if your gross income was more than $10,950.
When you sell stocks or funds, the profits will increase your taxable income. To pay no taxes on the sale, you'll have to calculate the amount of gains you can take before your income exceeds the threshold. Let's say your adjusted gross income (AGI) is $60,000. Assuming you're both 65 or older, your standard deduction and exemptions will knock your taxable income down to $37,600.