Publication 17: Your Federal Income Tax;

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.

Schedule R (Form 1040): Credit for the Elderly or the Disabled, Page 2. Summary: This is an example of Schedule R (Form 1040) 2004, Page 2 with the following line items listed under Part III: Figure Your Credit:

10. If you checked (in Part I): field contains 7,500

11. If you checked (in Part I): field contains 7,000

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 7,000

13a. Nontaxable part of social security benefits and field contains 3,000

13c. Add lines 13a and 13b. (even though these income items are not taxable, they must be included here to figure your credit.) field contains 3,000

14. Enter the amount from Form 1040, line 37 field contains 16,200

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

16. Subtract line 15 from line 14. If zero or less, enter 0 field contains 6,200

17. Enter one-half of line 16 field contains 3,100

18. Add lines 13c and 17 field contains 6,100

19. Subtract line 18 from line 12. If zero or less, stop; you cannot take the credit. Otherwise, go to line 20 field contains 900

20. Multiply line 19 by 15% (.15) field contains 135

21. Enter the amount from Form 1040, line 45 field contains 31

22. Add the amounts from Form 1040, lines 46 and 47, and enter the total field contains 0

23. Subtract line 22 from line 21 field contains 31

24. Credit for the elderly or the disabled. Enter the smaller of line 20 or line 23 here and on Form 1040, line 48 field contains 31