Tax Guide for Elderly and Disabled 2013 - Kindle Non-Fiction

Tax Guide for Elderly and Disabled 2013 (Tax Bible Series) 
by Alexander Schaper

If you qualify, you may be able to reduce the tax you owe by taking the credit for the elderly or the disabled.
This publication explains:
• Who qualifies for the credit for the elderly or the disabled, and
• How to figure the credit.
You may be able to take the credit for the elderly or the disabled if:
• You are age 65 or older at the end of 2012, or
• You retired on permanent and total disability and have taxable disability income.
You can take the credit for the elderly or the disabled if you meet both of the following requirements.
• You are a qualified individual.
• Your income is not more than certain limits.
You can use Figures A and B as guides to see if you are eligible for the credit. Use Figure A first to see if you are a qualified individual. If you are, go to Figure B to make sure your income is not too high to take the credit.

You can take the credit only if you file Form 1040 or Form 1040A. You cannot take the credit if you file Form 1040EZ or Form 1040NR.
Qualified Individual
You are a qualified individual for this credit if you are a U.S. citizen or resident alien, and either of the following applies.
1. You were age 65 or older at the end of 2012.
2. You were under age 65 at the end of 2012 and all three of the following statements are true.
a. You retired on permanent and total disability (explained later).
b. You received taxable disability income for 2012.
c. On January 1, 2012, you had not reached mandatory retirement age (defined later under Disability income ).
Age 65. You are considered to be age 65 on the day before your 65th birthday. As a result, if you were born on January 1, 1947, you are considered to be age 65 at the end of 2012.
U.S. Citizen or Resident Alien
You must be a U.S. citizen or resident alien (or be treated as a resident alien) to take the credit. Generally, you cannot take the credit if you were a nonresident alien at any time during the tax year.
Exceptions. You may be able to take the credit if you are a nonresident alien who is married to a U.S. citizen or resident alien at the end of the tax year and you and your spouse choose to treat you as a U.S. resident alien. If you make that choice, both you and your spouse are taxed on your worldwide incomes.
If you were a nonresident alien at the beginning of the year and a resident alien at the end of the year, and you were married to a U.S. citizen or resident alien at the end of the year, you may be able to choose to be treated as a U.S. resident alien for the entire year. In that case, you may be allowed to take the credit.

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