Who can take the credit for Elderly and Disabled?
A tax credit is available to certain low-income individuals if they are at least age 65 or older before the close of the tax year, and to individuals under age 65 if they are retired with a permanent and total disability and have taxable disability income from a public or private employer. You must be a U.S. citizen or resident to claim this credit, unless you’re married to a U.S. citizen or resident and you both elect to be treated as U.S. residents (and taxed on your worldwide income). If you are permanently and totally disabled and are under age 65, special rules apply to determine your credit. Your initial amount may not exceed your taxable disability income for the tax year. Thus, your initial amount is the lesser of your applicable initial amount based on your filing status, as described above, or your disability income for the year. You are considered to be permanently and totally disabled if you are unable to engage in any substantial gainful activity by reason of any medically
