Transcription of What Is Permanent and Total Disability?
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What Is Permanent and Total Disability?
Cat. No. 12059 RInstructions forSchedule 3 (Form 1040A)Credit for the Elderly or the Disabled for Form 1040A FilersDepartment of the TreasuryInternal Revenue Service2001 Purpose of ScheduleUse Schedule 3 to figure the credit for the elderly or InformationSee Pub. 524 for more details about the Can Take the CreditThe credit is based on your filing status, age, and income. Ifyou are married filing a joint return, it is also based on yourspouse s age and income. You may be able to take thiscredit if either of the following applies. You were age 65 or older at the end of 2001 or You were under age 65 at the end of 2001 and you meetall three of the You were permanently and totally disabled on thedate you retired. If you retired before 1977, you must havebeen permanently and totally disabled on January 1, 1976, orJanuary 1, You received taxable disability income for On January 1, 2001, you had not reached mandatoryretirement age (the age when your employer s retirementprogram would have required you to retire).
The total amount of disability income you reported on Form 1040A. The total amount of disability income you reported on Form 1040A for both you and your spouse. Box 6 Box 2, 4, or 9 Box 5 THEN enter on line 11 . . . Example 1. Bill, age 63, retired on permanent and total disability in 2001. He received $4,000 of taxable disability
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