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The Retirement Income Credit is available to taxpayers with less than $22,500 ($45,000 if married / RDP filing joint) and Social Security and/or Tier 1
The Retirement Income Credit is available to taxpayers with less than $22,500 ($45,000 if married / RDP filing joint) and Social Security and/or Tier 1 Railroad Retirement Board benefits are less than $7,500 ($15,000 married / RDP filing joint) and their household income plus your SSI and Tier 1 RRB benefits is less than $22,500 ($45,000 married / RDP filing joint). Use the worksheet below to answer the following question. Lenny receives a total of $7,000 in social security payments (not included in federal AGI) and $11,000 in employee pension payments (included in federal AGI). He receives no other income or payments. He is a single filer and is age 66. He has no federal pension income that is deducted from Oregon income. What will his retirement income credit total
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