Sentences with phrase «disabled during the taxable year»

Not exact matches

Taxpayers 55 or older or disabled (or a surviving spouse or a survivor having an insurable interest in an individual who would have qualified for the exclusion during the year) can exclude as much as $ 6,000 if single ($ 12,000 if married) of taxable income from a pension, annuity, distributions from an IRA or self - employed retirement plan, deferred compensation or other retirement - plan benefits.