topic Is there a credit for over 65 years of age and low income? in Get your taxes done using TurboTax

Is there a credit for over 65 years of age and low income?

jacqueline1931 — Tue, 10 Feb 2026 10:09:39 GMT

Re: Is there a credit for over 65 years of age and low income?

VolvoGirl — Wed, 10 Jan 2024 18:04:11 GMT

You get an extra standard deduction (if you don't itemize).

For 2023 the standard deduction amounts are:

Single 13,850 + 1,850 for 65 and over or blind (15,700)

HOH 20,800 + 1,850 for 65 and over or blind (22,650)

Joint 27,700 + 1,500 for each 65 and over or blind (29,200/30,700)

Married filing Separate 13,850 + 1,500 for 65 and over or blind (15,350)

Re: Is there a credit for over 65 years of age and low income?

DoninGA — Wed, 10 Jan 2024 18:04:50 GMT

There is not a credit for being low income.

If you are age 65 or older there is an additional amount included in your Standard Deduction.

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

Re: Is there a credit for over 65 years of age and low income?

xmasbaby0 — Wed, 10 Jan 2024 18:34:03 GMT

Are you asking about the credit for Elderly and Disabled---that almost no one benefits from because it has not been updated by Congress in decades?

ELDERLY OR DISABLED CREDIT https://www.irs.gov/help/ita/do-i-qualify-for-the-credit-for-the-elderly-or-disabled

There are some states that provide various credits to elderly/disabled folks, so watch for that when you prepare your state return. The states that I know of that have anything for elderly/disabled are AZ, CT, DE, IA, MO, ND, NJ, NY, VE. There may be others.