Tax Credit For The Elderly And Disabled – Explanation And Qualifications
Nonrefundable Tax Credit
The credit for the elderly or permanently and totally Disabled is a nonrefundable tax credit available for certain qualifying individuals, who are over age 65 or disabled.
Qualifications For Tax Credit For The Elderly
You can qualify for the tax credit for the elderly, if you are 65 years old or over, or you are under 65 and receive income from a public retirement system.
You are eligible for the tax credit for elderly and tax credit for the disabled, if you are under 65, with a permanently and totally disability. This is true, even if you receive a disability income from a public or private employer.
An individual is considered permanently disabled if he is unable to perform work activities (paid work). The volunteer activity is considered a gainful activity, even though there is no pay for it.
Qualifying Disability Income
Disability income is the total amount your employer pays you in wages or payments when a work accident affects your ability to perform work activities.
Claiming Disability Credit
In order to claim a tax credit for the disabled, you must have a disability certification from your physician. You must attach it to your tax return.
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