Question: Indicate whether the following statements are True or False regarding the tax credit for the elderly or disabled. a . Taxpayers under age 6 5

Indicate whether the following statements are "True" or "False" regarding the tax credit for the elderly or disabled.

.

Taxpayers under age

65

who are retired with a permanent and total disability and who have disability income from a public or private employer on account of the disability qualify for the credit.

TrueFalseTrue

.

The maximum allowable credit is $

3, 000 .

TrueFalse

.

The credit is nonrefundable.

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