KILLER IRS Credit For The Elderly Or Permanently And Totally Disabled

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 12, 2010 -- Nonrefundable Tax Credit

The Credit for the Elderly or permanently and totally Disabled is a nonrefundable tax credit available for certain qualifying individuals, who are over age 65 or disabled.

Qualifications For This Tax Credit

You can qualify for this credit if you are 65 years old or over, or you are under 65 and receive income from a public retirement system.

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KILLER IRS Credit For The Elderly Or Permanently And Totally Disabled

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You are eligible for the credit for totally disabled, If you are under 65, with a permanently and totally disability. This is true, even if you receive a disability income from a public or private employer.

An individual is considered permanently disabled if he is unable to perform work activities (paid work). The volunteer activity is considered a gainful activity, even though there is no pay for it.

Qualifying Disability Income

Disability income is the total amount your employer pays you in wages or payments when a work accident affects your ability to perform work activities.

Claiming Disability Credit

In order to claim a disability tax credit, you must have a disability certification from your physician. You must attach it to your tax return.

More information can be found online at http://www.taxproblem.org/income-tax-breaks-blog/credit-for-the-elderly-or-permanently-and-totally-disabled/

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