Why is Schedule R, Elderly or Disabled Credit not printing out with my tax return?
The Schedule R only generates if you are age 65 or older or retired due to disability and otherwise qualify for the credit. For the very few people who qualify for the Elderly or Disabled Credit, we automatically calculate it and include Schedule R with the tax return.
The Elderly Credit is almost impossible to qualify for. Almost everyone who receives Social Security benefits or pension income is not eligible for the credit. To qualify, you need to be age 65 or older or retired due to disability, have low income, but still have enough income to have a tax liability.
If you receive Social Security benefits, you need to reduce the amount of income that is eligible for the Elderly or Disabled Credit by the nontaxable portion of your Social Security benefits and other pension income. If your income is more than $7,500 (single) or $10,000 (married) or $5,000 (married, filing separately) then the amount of your income that is eligible for this credit is reduced further.
The Elderly Credit is almost impossible to qualify for. Almost everyone who receives Social Security benefits or pension income is not eligible for the credit. To qualify, you need to be age 65 or older or retired due to disability, have low income, but still have enough income to have a tax liability.
If you receive Social Security benefits, you need to reduce the amount of income that is eligible for the Elderly or Disabled Credit by the nontaxable portion of your Social Security benefits and other pension income. If your income is more than $7,500 (single) or $10,000 (married) or $5,000 (married, filing separately) then the amount of your income that is eligible for this credit is reduced further.
