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Why my age amount 30100 is only 5967.21 (I am 71 years old), my wife's amount is 8790

What is the age to qualify for age amount "30100"what is the full amount?
1 Reply

Why my age amount 30100 is only 5967.21 (I am 71 years old), my wife's amount is 8790

To claim the Age amount, you must be 65 years of age or older on December 31, 2024, and your net income (line 23600 of your return) is less than $102,925 more than $44,325 but less than $102,925, then your age amount is reduced based on the following formula:

 

 

 

 

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