Tax credits, such as elderly tax credit and the disabled, are credits applied to taxes owed. For example, if you owe $2,000 in taxes and have a loan of $700, you only have to pay $1,300....
The world changes fast, the same with human. Not until we experience an early death, we will all grow up and get gray hairs and wrinkled skin. Physical condition also changes and senior...
Being elderly old brings some of the advantages which have been granted by IRS. IRS has the sympathy towards the older adults which is why there are some of the elderly tax credit...