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  • 2002 Form 1040 (schedule R). Credit For The Elderly Or The Disabled - Irs

Get 2002 Form 1040 (schedule R). Credit For The Elderly Or The Disabled - Irs

Schedule R (Form 1040). Name(s) shown on Form 1040 Attachment Sequence No. 16 Your social security number You may be able to take this credit and reduce your tax if by the end of 2002: You were age 65 or older or You were under age 65, you retired on permanent and total disability, and you received taxable disability income. But you must also meet other tests. See page R-1. In most cases, the IRS can figure the credit for you. See page R-1. Part I Check the Box for Your Filing Sta.

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2002 Form 1040 (Schedule R)
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What is IRS Publication 524? IRS Publication 524 (Credit for the Elderly or the Disabled) is an Internal Revenue Service (IRS) document that details the eligibility requirements for a tax credit that is available to people who have a low income and are aged 65 and above or disabled.

Use Schedule R (Form 1040) to figure the credit for the elderly or the disabled.

Schedule R to claim a nonrefundable credit for the elderly or disabled. Taxpayers age 65 or older, or under age 65 and receiving disability income due to permanent and total disability, may be eligible for the credit.

Small businesses may take an annual tax credit for making their businesses accessible to persons with disabilities. The credit is 50 percent of expenditures over $250, not to exceed $10,250, for a maximum benefit of $5,000. The credit amount is subtracted from the total tax liability.

Table 2. Initial Amounts IF your filing status is...THEN enter on line 10 of Schedule R... • 65 or older $5,000 • under 65 and retired on permanent and total disability1 $5,000 married filing a joint return and by the end of 2023: • both of you were 65 or older $7,5008 more rows • Jan 18, 2024

Generally, the elderly or disabled tax credit ranges between $3,750 and $7,500; it is 15% of the initial amount, less the total of nontaxable social security benefits and certain other nontaxable pensions, annuities, or disability benefits you've received.

How to claim Enter the amount from California Resident Income Tax Return (Form 540) , line 19. Multiply the amount by 2% Enter the result or $1,748, whichever is less, on line 43 or 44.

Schedule R to claim a nonrefundable credit for the elderly or disabled. Taxpayers age 65 or older, or under age 65 and receiving disability income due to permanent and total disability, may be eligible for the credit. Follow these steps to complete Schedule R.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232