Tax Relief for Seniors

Many seniors find themselves stuck. They are on a fixed income and many times the cost of living increases more than their social security. Do not fret seniors, there are many ways that you can save money and not just by ordering off the senior menu.

Did you know that if you are 62 years of age or older, blind or otherwise disabled, you may qualify for homeowner OR rental assistance from the government. You must be a legal U.S. resident and have a maximum income of $37,119 a year. For more information about the program contact the Franchise Tax Board.

Low Income Seniors and those with disabilities may also qualify for a property tax postponement. This means that if you qualify the property tax on your mobile home can be postponed until you sell it or your estate is settled. For an application to postpone your property tax, contact your county office.

As a homeowner you may file a homeowner property tax exemption with your county assessor’s office, no matter your age. This could result in an exemption on up to $7,000 of the market value of your home.

 

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