Credit for the Elderly and Disabled
If you’re filing alone and your income is less than $17,500, as well as if you’re married and filing jointly with an income below $25,000 you may benefit from a tax credit of anywhere between $3,750 and $7,500. Provided, of course, that you are at least 65 years old.
But some seniors might need to retire even earlier due to disabilities, in which case you can still gain this type of credit even before the age of 65.
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