We are a retired couple -husband is 73 and the wife is 66. We file taxes together. At what amount do we not have to pay taxes anymore?

ANSWER

The BIDaWIZ Team's Answer:

Your 2010 standard deduction amount is $13,600, and your 

combined personal exemption amount is $7,300. Your social security 

income is not taxable, if your total income is less than $32,000.

Thus, you you will not incur a tax liability on roughly the first $21,000

of income; excluding your social security benefits.