You may be able to take the credit if you are 65 years of age or older or if you retired on total and permanent disability and have taxable disability income. There are certain limits that your income cannot exceed.
Claiming the Senior Tax Credit if You’re 65 Years or Older
Based on your filing status, there are certain qualifications. If you are married, you and your spouse must file a joint return to claim the credit.
Claims for Those Under 65 and Permanently Disabled
You’ll need to procure a physician’s certification stating that you cannot engage in gainful activity due to your mental or physical condition, and in addition, that the condition has existed or is expected to exist continuously for a minimum of 12 months or if it is expected to result in your death.
You May Not Qualify Due to Taxable Income
You may meet the above qualifications detailed above and may still be ineligible for the credit if your taxable income exceeds certain limitations. To find out more visit https://www.irs.gov/pub/irs-pdf/p524.pdf.
* This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.
Tip adapted from IRS.gov