Senior Tax Credit for the Elderly and Disabled

Elderly
Disabled

If you are 65 or over as of 2019 you can fill out Form 1040SR for tax year 2019. You are entitled to an additional $1300 in standard deductions. As a result the standard deduction for seniors is $13,000 for the tax year 2019, the first year that you can use the form 1040SR. You can eFile this form via eFile.com starting in January 2020.

Requirements to Qualify the Elderly and Disabled Tax Credit:

  • You must be a U.S. citizen or resident alien
  • You must be 65 years of age as of December 31, 2019 for tax year 2019
  • You retired on disability before Dec. 31, 2019 and you were permanently and totally disabled at the start of retirement
  • You are under age 65 but your retired on total and permanent disability and received taxable disability income, but you have not yet reached mandatory retirement age as of Jan. 1, 2020 or the new tax year.
  • Your filing status also play a role, for example if you are married you must file a married filed joint return to take the tax credit for the elderly and disabled. You may also take the tax credit if you file as Head of Household.
  • Find more detailed information and Elderly and Disabled Tax Credits - see Publication 524.

You must obtain a physician's certification stating that you cannot engage in gainful activity because of your mental or physical condition and that the condition has lasted, or is expected to last, continuously for 12 months or more or that the condition is expected to result in death. Even if you meet all the qualifications detailed above, you may still be ineligible for the tax credit if your taxable income exceeds set limitations or your nontaxable income is excessive. Listed below, by filing status, are the various income restraints.

Filing Status AGI Nontaxable SS and Nontaxable Pensions
Single, Head of Household, or Qualifying Widow(er) with Dependent Child $17,500 $5,000
Married, Filing a Joint Return (and Both Spouses Qualify) $25,000 $7,500
Married, Filing a Joint Return (and Only One Spouse Qualifies) $20,000 $5,000
Married, Filing a Separate Return $12,500 $3,750