Elderly or Disabled Credit

There are two requirements to take the credit for the elderly or disabled. First, you must be a qualified individual. Second, you must meet the income requirements.

Qualified Individual

In order to be a qualified individual you must meet the following requirements:
  • You must be age 65 or older at the end of the year or
  • You are retired and on permanent and total disability and received taxable disability income during the year. You must be a U. S. citizen or resident
  • If you are married you must file a joint return unless you did not live with your spouse during the entire year.

Income Requirements

There are two income limits in determining if you qualify for the credit. The first is your adjusted gross income (AGI). The second limit is the total of your nontaxable social security and other nontaxable pensions. If you are over the limits for either test, you cannot take the credit for the elderly and disabled. The limits are:

For single or head of household filing status the AGI limit is $17,500 and the nontaxable social security and pensions limit is $5,000.

For married, filing joint and both spouses qualify the AGI limit is $25,000 and the nontaxable SS and pension limit is $7,500.

For married, filing joint and one spouse qualifies the AGI limit is $20,000 and the nontaxable SS and pension limit is $5,000.

For married filing separate the AGI limit is $12,500 and the nontaxable SS and pension limit is $3,750.

The credit is calculated on Schedule R. However, the IRS will calculate the credit for you if you choose.

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