3. Tax Credit for the Elderly or Disabled
Get Money Back with the Credit for the Elderly!
This tax credit is one of those hidden gems many people don’t know about. If you’re over 65, the Credit for the Elderly or Disabled is a chance to get a significant tax break, especially if you’re on a fixed income.
This credit can range from $3,750 to $7,500, depending on your income and filing status. It’s a direct reduction in your taxes, which means more money stays in your pocket.
Pro Tip: This credit can really help if you’re living off Social Security or other fixed income sources. Check if you qualify, and take advantage of this benefit!
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