This time of year our thoughts typically turn to outdoor activities like fishing in the shade, attending an outdoor concert, and cooking out at a local park. With the April tax filing deadline in the rearview mirror and summer already upon us, it may seem odd to think about an important tax deadline for Hoosier seniors.
The Unified Tax Credit for the Elderly, Indiana’s refundable credit for low-income senior citizens, must be claimed by June 30, 2016.
If someone is age 65 or older by the end of the tax year, lived in Indiana for at least six months and has a federal adjusted gross income of less than $10,000, then he or she may be eligible for a Unified Tax Credit for the Elderly. While singles may qualify for a credit up to $100, those who are married and file jointly may get up to $140.
If you know a senior citizen who doesn’t have to file a state income tax return because his or her income is very low, he or she may still be eligible to claim the credit. Check out Form SC-40 for details. If the senior is eligible for a credit (refund), make sure the form is completed, signed, and postmarked no later than June 30, 2016.
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