IRS Publication 524 - Credit For The Elderly Or The Disabled


DEFINITION of 'IRS Publication 524 - Credit For The Elderly Or The Disabled'

A document published by the Internal Revenue Service (IRS) providing information about the tax credit available to the elderly or the disabled. Qualifying individuals are U.S. citizens or resident aliens over the age of 65 or retired on permanent and total disability. Nonresident aliens may be eligible for the credit if they are married to a citizen or resident alien. Married couples typically have to file a joint tax return in order to qualify.

BREAKING DOWN 'IRS Publication 524 - Credit For The Elderly Or The Disabled'

Depending on a taxpayer's filing status, the amount of adjusted gross income (AGI) or nontaxable Social Security and pension can prevent the credit from being given. An AGI or nontaxable pension or Social Security income of above specified income limits disqualifies a taxpayer.

  1. Adjusted Gross Income - AGI

    A measure of income calculated from your gross income and used ...
  2. IRS Publication 519 - U.S. Tax ...

    A document published by the Internal Revenue Service (IRS) that ...
  3. Filing Status

    A category that defines the type of tax return form an individual ...
  4. Joint Return

    A U.S. income tax return filed on behalf of a married couple, ...
  5. Income Tax

    A tax that governments impose on financial income generated by ...
  6. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
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