Schedule R Form 1040 (2023)

What is IRS Schedule R Form 1040

IRS Schedule R is attached to the standard Form 1040 individual income tax return. Taxpayers complete and file Schedule R to claim the Credit for the Elderly or the Disabled.

This tax credit allows eligible individuals to reduce their income tax burden. It is intended for senior citizens aged 65 and older and younger individuals who retire because of permanent and total disability.

Who qualifies for the tax credit on Schedule R

To qualify for the tax credit on Schedule R Form 1040, individuals must meet age or disability requirements.

Taxpayers age 65 and older by the end of the tax year are eligible. This includes single, head of household, qualifying surviving spouse, or married filing jointly status.

Younger individuals who retire on permanent and total disability also qualify. Taxable disability income must be received, and a physician's statement may be required.

There are also income limits that must be met to claim the Schedule R tax credit.

How to Calculate and Claim the Credit for the Elderly or Disabled

The Schedule R instructions include a worksheet calculating the actual credit amount based on filing status, age/disability factors, and income thresholds.

Part I establishes eligibility. Taxpayers check a box indicating their filing status and age or disability status.

Part II is completed if under age 65 and retired on permanent and total disability.

Part III figures the allowable credit based on income limitations. The credit can reduce tax liability up to certain limits.

Schedule R must be attached to Form 1040. The calculated credit amount is entered on Schedule 3, line 6d.

Tips for Filing Schedule R Form 1040

Follow these tips when completing and filing Schedule R:

1. Use the worksheet in the instructions to calculate your credit amount correctly.
2. Check your eligibility and filing status. Married filing separately has lower income thresholds.
3. Attach all required statements for disability if under age 65.
4. Report all taxable and non-taxable income sources accurately.
5. Claim the credit on Schedule 3, line 6d.
6. Keep Schedule R and supporting documents with your tax records.

Related Forms

• Schedule R (Form 990) - Used by tax-exempt organizations;
• Schedule H (Form 1040) - For household employment taxes.

Carefully review the Schedule R instructions when claiming this credit. Proper filing can reduce your tax bill if you qualify based on age or disability status.