Is the Elderly Tax Credit Refundable?

Tax Credit Refundable

The senior tax credit for the elderly and disabled is non-refundable. This means that you cannot receive a credit larger than the remaining taxes you owe.

The tax credit for the elderly and disabled applies to the taxes you owe. For example, if you owe $2,500 in taxes, but you have a credit for $500, you will have to pay $2,000.

According to income eligibility criteria, to qualify for the elderly tax credit, your adjusted gross income (AGI) or a combination of your non-taxable income (disability, pension annuity income, and Social Security income) must fall below threshold limits listed in IRS Publication 524 – Credit for the Elderly or the Disabled.

To determine whether you qualify for this credit, you need to fill out Schedule R. IRS Publication 524.


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Devoted Guardians'
Response to COVID-19

Devoted Guardians is actively monitoring the progression of the coronavirus, COVID-19, to ensure that we have the most accurate and latest information on the threat of the virus. As you know, this situation continues to develop rapidly as new cases are identified in our communities and our protocols will be adjusted as needed.

While most cases of COVID-19 are mild, causing only fever and cough, a very small percentage of cases become severe and may progress particularly in the elderly and people with underlying medical conditions. Because this is the primary population that Devoted Guardians serves, we understand your concerns and want to share with you how our organization is responding to the threat of COVID-19.

We are following updates and procedures from the Centers for Disease Control (CDC) State Department of Health, local and county authorities, the Home Care Association of America and other agencies and resources. Our response and plans may adjust according to the recommendations from these organizations.