Publication 554 - Older Americans' Tax Guide - 2004 Page 24
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31Figure 5-A. Are You a Qualified Individual?
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No
Are you a U.S. citizen or resident?
1
Yes
Yes
Were you 65 or older at the end of the
tax year?
You are a qualified
No
individual and may be
You are not a qualified
able to take the credit
No
individual and cannot
Are you retired on permanent and
for the elderly or the
take the credit for the
total disability?
disabled unless your
elderly or the disabled.
income exceeds the
Yes
limits in Figure 5-B.
Yes
Did you reach mandatory retirement
age before this year?
2
No
No
Yes
Did you receive taxable disability
benefits this year?
1
If you were a nonresident alien at any time during the tax year and were married to a U.S. citizen or resident at the end of the tax year, see U.S. citizen or resident
under Qualified Individual. If you and your spouse choose to treat you as a U.S. resident, answer “yes” to this question.
2
Mandatory retirement age is the age set by your employer at which you would have been required to retire, had you not become disabled.
Figure 5-B. Income Limits
THEN even if you qualify (see Figure 5-A), you cannot take the credit if:
If your filing status is . . .
Your adjusted gross income (AGI)*
OR the total of your nontaxable
is equal to or more than . . .
social security and other
nontaxable pension(s) is equal to
or more than . . .
Single, Head of household, or
$17,500
$5,000
Qualifying widow(er) with
dependent child
Married filing a joint return and
$25,000
$7,500
both spouses qualify in
Figure 5-A
Married filing a joint return and
$20,000
$5,000
only one spouse qualifies in
Figure 5-A
Married filing a separate return and
$12,500
$3,750
you did not live with your spouse
at any time during the year
*AGI is the amount on Form 1040A, line 21, or Form 1040, line 36
Page 24
Chapter 5 Credits
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