Elderly and Disabled Credit
The Elderly and Disabled Credit is a non-refundable tax credit available to qualifying individuals who are either age 65 or older or who are permanently and totally disabled. This credit is designed to reduce the overall tax burden for eligible taxpayers.
To qualify for the credit, the taxpayer must meet specific income limits and other requirements set by the IRS. The amount of the credit can vary based on the taxpayer’s filing status and adjusted gross income (AGI). For example, a single taxpayer over the age of 65 may receive a credit of up to $1,125, while married couples filing jointly may be eligible for a higher amount.
Taxpayers must claim this credit on their federal income tax return by completing the appropriate forms, typically including Form 1040 or 1040-SR, and may need to provide documentation supporting their age or disability status.
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