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About John Stancil, CPA
Expertise
I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I teach tax and accounting at a small church-related college. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a part time tax practice for over 30 years. I am a member of the AICPA, National Society of Tax Professionals, and the Institute of Management Accountants.
Experience
I hold a doctorate in Accounting, and four professional certifications: CPA, CMA, CFM, and CIA. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I write a monthly tax column for the local newspaper.
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You are here: Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > retirement
Expert: John Stancil, CPA
Date: 10/12/2008
Subject: retirement
Question
my father is 75 years old and retired from work 2 years ago. he wants to go back to work part time because his income is not enough. i heard that after retirement you can go back to work and pay no taxes if you make $15k or less. is this true?
if not, what is the max income you can make tax free?
Answer
Manuel,
Thanks for your question.
If his filing status is single, he can have up to $10,300 in income excluding social security benefits without having to file. If he is married filing joint, the income level is $19,800 if his wife is over 65. These numbers are for 2008, and change each year.
Any earnings will be subject to social security/Medicare.
Hope this helps.
John Stancil, CPA
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