Views of Vermont
Home Welcome Contact Information
Taxpayer Advocate
Get Adobe Acrobat  

Tax Credits

Percentage of Federal Elderly and Permanently Disabled Credit
- 32 V.S.A. § 5822(d)

Purpose: To provide a tax credit for elderly or permanently and totally disabled persons who meet specific income qualifications.

Credit Limitation: Must be eligible for and receive the Federal tax credit. If you are a U.S. citizen or resident alien, you may qualify for this credit if before the end of 2014:

- you were age 65 or older; or
- you retired on permanent and total disability and have taxable disability income.

Even if you meet the above tests, you cannot claim the credit if either of the following exceed certain amounts:
- your adjusted gross income; or
- the total of your nontaxable social security, nontaxable pensions, nontaxable annuities, and nontaxable disability income.

You must file Form 1040 or Form 1040A to take this credit.

Credit amount: The Vermont tax credit is 24% of the Federal Elderly and permanently disabled tax credit.

For more information:
Vermont Department of Taxes
866-828-2865 (toll-free in Vermont)
802-828-2865 (local & out-of-state)


Other Tax Credits:
- Affordable Housing
- Charitable Housing
- Downtown and Village

- Elderly and Permanently
   Totally Disabled

- Income Tax Paid to Another
  State or Canadian Province

- Investment Tax Credit
- Low Income Child &
  Dependent Care

- Machinery and Equipment
- Qualified Sale of Mobile
   Home Park

- Recently Deployed Veteran
- Research and Development
- Vermont Earned Income

- Vermont Employment
  Growth Incentive (VEGI)

- Vermont Higher Education

- Vermont Seed Capital Fund

Vermont Department of Taxes, 133 State Street, Montpelier, Vermont 05633-1401