Elder Credits

You qualify for the elderly or disabled credit if you’re 65 or older and you meet certain conditions. You may also qualify if you haven’t reached your employer’s mandatory retirement age but have retired on permanent, total disability and receive disability income. You can use the information in Publication 524 to help you answer the question, “Are you a qualified individual?” and to help determine the amount of the credit you may be entitled to take.

If you think you’re eligible for this credit, you can ask the IRS to do the calculation for you. To have the IRS figure the credit, follow the instructions given for Form 1040 and 1040A. The IRS will send you a refund if you’ve paid too much tax or a bill for the balance if you paid too little. For more information, see Publication 524, Credit for the Elderly or Disabled.

* Other limitations based on the amount of Social Security benefits and tax liability may apply.