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Do I need to file taxes for year/s prior before I start SS?

Featured Replies

Quick question -

 

I've not filed taxes in some time as I'm living off savings. My investments in US Treasuries return no close to poverty/filing requirement. My 401ks exempt. 

 

Anything within the SS requirements? I've a bunch of 00s next to the years. Huge gap.

 

I will be signing up online both SS and Medicare A

 

Thank you 

7 minutes ago, DarkBrandon said:

Quick question -

 

I've not filed taxes in some time as I'm living off savings. My investments in US Treasuries return no close to poverty/filing requirement. My 401ks exempt. 

 

Anything within the SS requirements? I've a bunch of 00s next to the years. Huge gap.

 

I will be signing up online both SS and Medicare A

 

Thank you 

Not enough info to make a judgement but better to find a tax consultant to provide you with some accurate info.

  • Author
55 minutes ago, Presnock said:

Not enough info to make a judgement but better to find a tax consultant to provide you with some accurate info.

 

Thanks 

 

Social Security question,  not tax question. 

I have no idea if it's a problem.

 

But SS pulls your earnings record from the IRS which determines what you're going to get.

 

I always filed even when I knew I didn't have to just to keep the books clean so to speak.

 

Oh and btw, you don't have to sign up for Medicare Part A thats automatic and free, but you do need to figure out if you want to pay for Part B , which living in Thailand you can't use, but it's that 'Oh Shi****t I need to go home' failsafe

Contact Soc Sec, if not already (since you know those -0- yrs), and they will give you a print out of all your earnings, that they have on record.  

 

Shows all earnings, and what your SS ret benefit payment will be, along with disability benefit, if not at retirement age.

 

I did that, sadly, as showed how little I earned as an employee.  Also had 6 yrs of zero income :cheesy:

 

In unrelated 'retirement' issue, I was asked if I was in jail for 6 yrs.  Question kind of threw me, as didn't realize I went that long without paying taxes. then he explained my records showed no income 🙄

On 8/6/2025 at 6:57 PM, GinBoy2 said:

I have no idea if it's a problem.

 

But SS pulls your earnings record from the IRS which determines what you're going to get.

 

I always filed even when I knew I didn't have to just to keep the books clean so to speak.

 

Oh and btw, you don't have to sign up for Medicare Part A thats automatic and free, but you do need to figure out if you want to pay for Part B , which living in Thailand you can't use, but it's that 'Oh Shi****t I need to go home' failsafe

part A doesn't start until I believe you reach 65 or 66.

1 hour ago, flexomike said:

part A doesn't start until I believe you reach 65 or 66.

It starts automatically on your 65th birthday

On 8/3/2025 at 8:07 AM, DarkBrandon said:

I've not filed taxes in some time as I'm living off savings. My investments in US Treasuries return no close to poverty/filing requirement. My 401ks exempt. 

 

Anything within the SS requirements? I've a bunch of 00s next to the years. Huge gap.

 

I will be signing up online both SS and Medicare A

 

Thank you 

To determine if you are required to file a US tax return, see this page:

https://www.irs.gov/newsroom/who-needs-to-file-a-tax-return

 

If you are required but you don't file, the IRS may look at what it knows about your income and file taxes for you based on what they know.  This is usually not a good result as the IRS does not consider all deductions/exemptions that you could use.

 

I believe the SSA will accept and process your application even if you have not filed for some years where you were required to do so.  But, if the IRS considers that you owe them money, they are able to take up to 15% of your SS benefits until the amount owed is cleared.  That info is found here:

https://www.ssa.gov/faqs/en/questions/KA-01873.html

 

I strongly recommend that you determine your status with the IRS.gov and also SSA.gov.  You can create login.gov or id.me credentials that will allow you to create online accounts with both IRS and SSA.  My wife and I were able to satisfy the requirements for both login.gov and id.me after we moved to Thailand.

 

Both IRS and SSA have toll-free numbers to call to get info about your status.

 

 

On 8/6/2025 at 8:37 PM, KhunLA said:

Contact Soc Sec, if not already (since you know those -0- yrs), and they will give you a print out of all your earnings, that they have on record.  

 

Shows all earnings, and what your SS ret benefit payment will be, along with disability benefit, if not at retirement age.

 

I did that, sadly, as showed how little I earned as an employee.  Also had 6 yrs of zero income :cheesy:

 

In unrelated 'retirement' issue, I was asked if I was in jail for 6 yrs.  Question kind of threw me, as didn't realize I went that long without paying taxes. then he explained my records showed no income 🙄

I only had the minimum of 40 quarters of work and most years did not file taxes.  Not a problem and they did not ask about it during the interview.  I did file and  pay self-employment tax the the year before I applied for SS to get up to the required 40 quarters. The interviewer was fine with that too, and just asked if I would be employed in the following year.  I applied at 65 and my full retirement was 65 and 10 months.  I don't get much of a monthly payment but my interest was in qualifying for Medicare.       

  • 4 weeks later...
On 8/13/2025 at 4:06 AM, GinBoy2 said:

It starts automatically on your 65th birthday

Oh and figure out Part B

I forget how long it is you get to decide

 

But if you do have an 'OH SH===T' I need to go home event and haven't signed up there is a 10% premium late sign up on Part B

15 hours ago, GinBoy2 said:

Oh and figure out Part B

I forget how long it is you get to decide

 

But if you do have an 'OH SH===T' I need to go home event and haven't signed up there is a 10% premium late sign up on Part B

On a cautionary tale

 

I'm coming up to some back surgery, haven't got there yet, that's gonna be in a couple of weeks, but just the costs of pre surgery tests without insurance would be eye watering

 

image.png.14ad45e1845a3ae8298f59b650ae32ca.png 

 

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