RE Elderly or Disabled credit, and "non-taxable income". Does interest and dividends sheltered in IRA and 403b (not withdrawn) count toward the income for the credit?

I qualify based on my taxable income, but it isn't clear to me if income received in those tax sheltered retirement accounts but not touched plays any role.

670

1 Best answer

Expert Alumni

Mar 28, 2022 8:44:16 AM

Your income is what is reported on Form 1099-R. If you did not take a distribution, it is not income.

Expert Alumni

Mar 28, 2022 8:44:16 AM

Your income is what is reported on Form 1099-R. If you did not take a distribution, it is not income.

Level 3

Mar 28, 2022 9:52:54 AM

Thank you!

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RE Elderly or Disabled credit, and "non-taxable income". Does interest and dividends sheltered in IRA and 403b (not withdrawn) count toward the income for the credit?