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J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 Tax Return
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J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 Tax Return

by J.K. Lasser Institute
October 2012
Beginner
784 pages
45h 24m
English
Wiley
Content preview from J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 Tax Return

34.7 Claiming the Credit for the Elderly and Disabled

You may qualify for a tax credit for 2012 if your income is quite low and you meet one of the following conditions:

  • Your 65th birthday is on or before January 1, 2013; or
  • You were under age 65 at the end of 2012, you retired before the end of 2012 because of permanent and total disability, and you received taxable disability income in 2012 from your former employer’s disability plan. Disability income is taxable wages or payments in lieu of wages paid to you while you are absent from work because of permanent and total disability. Qualifying disability income does not include payments received after reaching mandatory retirement age.

You will not be able to claim a credit if your Social Security benefits or adjusted gross income is too high, or if you have no tax liability (34.9).

Disabled.

You are considered permanently and totally disabled if you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than 12 months.

For the first year you claim the credit, you need a physician’s certification of your disability. For later years, new certifications are generally not required.

Nonresident aliens.

You may not claim the credit if you are a nonresident alien at any time during 2012, unless you are married to a citizen or resident and you ...

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