Tag Archives: Schedule R

Who Can Take the Credit for the Elderly or Disabled (Schedule R)?

If you are over the age of 65 at the end of the tax year or if you are totally and permanently disabled, you may be eligible to claim the Credit for the Elderly or the Disabled.  Many taxpayers who are over 65 or disabled qualify for a tax credit worth between $3,750 and $7,500, but not everyone who experiences disability or meets the age requirement is eligible to claim it. To qualify for the credit for the elderly or disabled, you must: Have reached age 65 on or before the last day of the tax year (As a practical

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