There is a credit
for the elderly or disabled (you don't have to be both). But because it
has not been adjusted for inflation since 1983, very very few people qualify.
If you qualify, TurboTax (TT) will automatically calculate it. It is not a
refundable credit. That is, you must have a tax liability to offset to get the
credit. Very few people, with that little income have an actual tax to
offset.
Having any social security income at all works against
you. Essentially your potential credit is reduced by any tax you "shoulda
paid” on the untaxed Social security income. If you have more than $5000 social security ($7500 Married Filing
Jointly and both are elderly or disabled) or VA benefits you will not qualify
for the credit.
If you think you qualify, and TT missed it, In TurboTax
(TT), enter at:
Federal Taxes Tab
Deductions & Credits
“I’ll choose what I want to work on” button
-Scroll down to:
--Other deductions & Credits
-Elderly or Disabled credit
See schedule R for detailed
calculations. http://www.irs.gov/pub/irs-pdf/f1040sr.pdf
http://www.irs.gov/publications/p524/ar02.html#en_US_2014_publink100038693
