ARCHIVED - 1995 General Income Tax Guide
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ARCHIVED - Line 301 - Age amount
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If you were 65 or older on December 31, 1995, and your net income (line 236 of your return) is less than $49,134, you may be entitled to claim an age amount up to a maximum of $3,482. However, you cannot make this claim if your net income is $49,134 or more.
If your net income is $25,921 or less, enter $3,482 on line 301.
If your net income is more than $25,921 but less than $49,134, use the chart that follows to calculate your claim:
Date of birth - Be sure to enter your date of birth in the Identification area (Step 1) of your return.
Tax Tip
If you do not need all of your age amount to reduce your federal income tax to zero, you can transfer any unused amount to your spouse. See line 326 for details.
You may be able to claim all or part of your spouse's age amount. See line 326 for details.
- Date modified:
- 2002-02-04