Who Qualifies for Elderly Tax Credit?

Who Qualifies for Elderly Tax Credit?

Only persons who meet specific criteria can claim the elderly tax credit.

  • You need to be elderly – at least 65 years of age by the end of the tax year.
  • If you are disabled, you must be retired to disability (permanently and completely disabled before you retire) and receive taxable disability income during the year.
  • You must be a U.S. citizen or resident alien for tax purposes.
  • You need to be younger than your employer’s mandatory retirement age before the beginning of the tax year.
  • Married couples must file a Married Filing Joint return.
  • If you are filing a joint tax return with your spouse, your partner must also meet the elderly tax qualifications.
  • Couples who live together during the year but file separate returns do not qualify for the credit.

The IRS establishes income guidelines for each tax year.

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