Eligible for the Elderly Tax Credit? | Small Office Home Office (SOHO) Tax Tips
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Eligible for the Elderly Tax Credit?

Feb 18, 2010 Tax Strategies, Taxable Income


IRS Elderly or Disabled= 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.

If you need help filing your tax return or have questions, call 1-800-906-9887 for an IRS sponsored Tax Counseling for the Elderly. You will be provided free tax preparation and counseling if you are 60 or older and a low to middle income taxpayer. These days, most of us qualify and can use the help!

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This entry was posted on Thursday, February 18th, 2010 at 7:35 am and is filed under Tax Strategies, Taxable Income. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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