Under some circumstances, there is a tax credit available to individuals who are: (1) age 65 or older; or (2) under age 65 and retired on permanent and total disability.
Nontaxable Social Adjusted Security, pension, or or gross disability benefits income Single $ 5,000 $ 17,500 Married filing 5,000 20,000 jointly with one spouse qualified * Married filing 7,500 25,000 jointly with both spouses qualified * * A qualified individual is one who is either age 65 or older, or under age 65 and retired on permanent and total disability.
Following an ore tenus proceeding, the trial court entered a judgment that Nurse Meinhardt had suffered permanent and total disability on August 23, 2004.
However, relying on state law, it declined to award permanent and total disability benefits to the employee because she had failed to "mitigate her damages.
In 1988, an Alabama trial court determined that Crump's injuries had resulted in a permanent total disability, as defined under the Alabama Workers' Compensation Act, and awarded her permanent and total disability
benefits for her projected lifetime.
The agreement said that if a shareholder or employee left DML for any reason other than death, retirement or permanent and total disability
and performed services for DML clients within three years after leaving the firm, the shareholder or employee must pay damages equal to 125% of the amount billed to the former DML clients for the fiscal year immediately before the year of termination or the year the clients were taken, whichever was later.