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pjkeer
New Member

I thought there was a tax credit for the elderly? I can't find it.

Where can I find information on the Elderly Tax Credit?
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I thought there was a tax credit for the elderly? I can't find it.

There is a credit for the elderly and disabled using Schedule R but most taxpayers do not qualify since the maximum income limits are so low.

 

Click on Federal Taxes (Personal using Home & Business)

Click on Deductions & Credits

Click on I'll choose what I work on (if shown)

Scroll down to Other Deductions and Credits

On Elderly or Disabled credit, click on the start button

 

If you are age 65 or older you get an increase in the Standard Deduction

 

Standard deductions for 2024

Single - $14,600 add $1,950 if age 65 or older
Married Filing Separately - $14,600 add $1,550 if age 65 or older
Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older
Head of Household - $21,900 add $1,950 if age 65 or older

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