Eligible for the Elderly Tax Credit?
Feb 18, 2010 Tax Strategies, Taxable Income
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Are you 65 or older (or under 65 and disabled)? Are you a US citizen? Are you a Single filer with an adjusted gross income (AGI) less than $17,500? Is the nontaxable portion of your Social Security or other nontaxable pensions, annuities, or disability income under $5,000? You need to file Schedule R for a tax credit of $750! Read IRS Publication 524, Credit for the Elderly or Disabled or call 1-800-829-3676 and ask to have a copy mailed to you.
Don’t forget the IRS Helpline – 1-800-829-1040 or your nearest IRS Taxpayer Assistance Center.
Tags: 2009
Are you a Senior? Do you need to file?
Feb 17, 2010 Taxable Income
TweetYou don’t have to file your federal tax return if your gross income IS:
- For a Single person: less than $9,350 (over 64? less than $10,750)
- For Married filing jointly: less than $18,700 (one of you over 64? less than $19,800; both of you over 64? less than $20,900)
- For Head of Household: less than $12,000 (over 64? less than $13,400)
- For Married filing separately: any age, less than $3,650
- For Qualified Widow(er) with a dependent child: less than $15,500 (over 64? less than $16,150)
Don’t overlook your state tax requirements! Use this link for state tax information.
Link to this post!
Tags: 2009
