Don't laugh... Serious question.
Because of the way our retirement progressed, we have not had to pay state or federal taxes since 1992. Yes, we filed... both state and federal every year, and have always been under the taxable line. Often close, but always "under".
It looks as if we won't be owing taxes for this year, either. We are not required to file. The question is... should we file anyway? Downsides to not filing?
Looking ahead,probably one more year or two in this position, before we have to dip into deferred interest on bonds.
Because of the way our retirement progressed, we have not had to pay state or federal taxes since 1992. Yes, we filed... both state and federal every year, and have always been under the taxable line. Often close, but always "under".
It looks as if we won't be owing taxes for this year, either. We are not required to file. The question is... should we file anyway? Downsides to not filing?
Looking ahead,probably one more year or two in this position, before we have to dip into deferred interest on bonds.