@pweseman wrote:
Yes I have checked no less than 15 times. I have looked at the step-by-step and also at the form. When I entered the information for 'other deductions' under 'elderly or disabled deduction', it never asked about our age, only if we retired because of disability. When I answered 'no' it said were not eligible and that our elderly or disabled deduction was zero.
The stranded deduction in on line 12a on the 1040 form, not in "other deductions".
The "Elderly & Disabled" credit has not been adjusted fo inflation for years and very few qualify for it. Your Adjusted gross income must be less than $24,999, non-taxable income (including social Security) ,must be less then $7,499 and the credit, if you qualify, is not a refundable credit, it can only offset your tax, but not to less than zero. Most people with low enough income to qualify do not have any tax to reduce so it is meaningless.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
