No, unless your disability is blindness. This is the only condition for which an additional personal exemption can be claimed on a federal income tax return. However, if your income is very modest and you aren’t receiving Social Security benefits, you may be eligible for a tax credit for the elderly and permanently disabled. The credit is very small. Check with your state to see if there are any income tax breaks for state income tax purposes.
The difference between the face value of a bond and its original issue price. OID is reported on an annual basis as interest income.