Publication 524: Credit for the Elderly or the Disabled;

This is archived information that pertains only to the 2004 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Example 3. Schedule 3 (Form 1040A) 2004, Page 2. Summary: This is an example of Schedule 3 (Form 1040A) 2004, Page 2 with items completed per example in the text:

“10. If you checked (in Part I): Enter:” field contains 5,000

“12. If you completed line 11, enter the smaller of line 10 or line 11; all others, enter the amount from line 10.” field contains 5,000

“13a. Nontaxable part of social security benefits and Nontaxable part of railroad retirement benefits treated as social security. See instructions.” field contains 2,000

“13b. Nontaxable veterans' pensions and Any other pension, annuity, or disability benefit that is excluded from income under any other provision of law. See instructions.” field contains 0

“13c. Add lines 13a and 13b. (Even though these income items are not taxable, they must be included here to figure your credit.) If you did not receive any of the types of nontaxable income listed on line 13a or 13b, enter 0 on line 13c.” field contains 2,000

“14. Enter the amount from Form 1040A, line 22.” field contains 10,300

“15. If you checked (in Part I): Enter:” field contains 7,500

“16. Subtract line 15 from line 14. If zero or less, enter 0.” field contains 2,800

“17. Enter one-half of line 16.” field contains 1,400

“18. Add lines 13c and 17.” field contains 3,400

“19. Subtract line 18 from line 12. If zero or less, stop; you cannot take the credit. Otherwise , go to line 20.” field contains 1,600

“20. Multiply line 19 by 15% (.15).” field contains 240

“21. Enter the amount from Form 1040A, line 28, minus any amount on Form 1040A, line 29.” field contains 116

“22. Credit for the elderly or the disabled. Enter the smaller of line 20 or line 21 here and on Form 1040A, line 30.” field contains 116