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Quebec Instant $4000 Credit
Hi Everyone,
I have been using TurboTax for years and love it. A couple of years ago I started doing my parents taxes. Every year I do an import from the previous year to make things a bit easier.
This year, when I started my parents returns it was already showing a $4000 refund for my father. I was sure that there was an error. I completed them thinking it would fix it but it basically stayed the same.
After looking through the forms I saw on Quebec TP1 line 463 there was the $4000 credit. I tried restarting just to verify I didn't accidentally enter something and right away there was the credit again.
Doing a quick search it seems to be a credit if they are both over 70, which they are
I just was hoping someone could tell me if this is ok to claim? I would love to get them a nice refund, but I don't want them having to pay it back either. I'm not sure if this is new?
I'd just like to know if someone had experience with this and if I should file like this?
If it was for me it would be one thing, but am nervous claiming for them.
Any help is appreciated, thanks
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Quebec taxes
You may be entitled to the refundable senior assistance tax credit if you qualify as an eligible individual and you meet at least one of the following conditions:
- You were 70 or over on December 31, 2024.
- Your spouse on December 31, 2024, qualifies as an eligible individual and was 70 or over on December 31, 2024.
As they are both over 70 years old. For more information please refer to Line 463 – Senior assistance tax credit
Thank you for choosing TurboTax.
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Quebec taxes
Thank you very much for your reply. I had read through information on that line and as you said it does seem like they should qualify.
I just wanted to post and see first if I read it correctly and it seems that I did.
I thank you for you assistance and will file their taxes for them
Thank you very much for your help
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Quebec taxes
We appreciated your feedback and we are happy to help!
Thank you for choosing TurboTax.