IRS Tax Tip 2003-28, (Feb. 11, 2003) -- You may be able to take the Credit for the Elderly or the Disabled if you are age 65 or older, or if you are retired on permanent and total disability, according to the IRS. Like any other tax credit, it’s a dollar-for-dollar reduction of your tax bill. The maximum credit available is $1,125.

You can take the credit for the elderly or the disabled if:

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