Tax Credit for Older American Workers Act of 1982

Tax Credit for Older American Workers Act of 1982 - Amends the Internal Revenue Code to allow an income tax credit for social security taxes paid by individuals between the ages of 62 and 70. Defines "social security taxes" as those taxes imposed: (1) on wages of employees under the Federal Insurance Contributions Act; and (2) on self-employment income under the Self-Employment Contributions Act.