Tax Facts

8565 / When does a taxpayer qualify for the tax credit for the elderly and the permanently and totally disabled and how is the credit computed?

The tax credit for the elderly and the permanently and totally disabled is a nonrefundable credit, meaning that it is available only to the extent that it does not exceed the taxpayer’s tax liability (see Q 8563). The credit is available to (1) taxpayers age 65 or older, or (2) those who are under age 65, retired o...
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