Seniors Work Off Property Taxes; Programs Aid Homeowners and Towns That Want to Keep ThemJim Fitzgerald
Property tax breaks for seniors One final thing to consider as a senior homeowner is that you may qualify for a property tax break. Rules to claim your senior property tax exemption vary by state. So does the amount your taxes could be reduced. Check with your local tax authority or financ...
Senior citizen exemptions help give homeowners a break on big tax bills By Maria Pappas Senior citizens can get a break on their property tax bills, but they need to apply when seeking savings for the first time. The popular tax break is known as the Senior Citizen Homestead Exemption. For...
Getting homeowners insurance from the same company that issued you car insurance can lower your premiums. Allstate has one of the best bundling discounts in the industry, with savings of up to 25% a year when you bundle home and auto online. 4. Raise your deductible When you file a claim...
A home repair grant provides funds to eligible homeowners who need financial assistance to make certain home repairs and/or modifications. These grants are typically provided by government agencies, non-profit organizations, or private foundations, with some specifically aimed at seniors. ...
A reverse mortgage allows older homeowners to access a portion of the value of their home. Borrowers maintain title and ownership of their home.² Proceeds from a reverse mortgage are not subject to personal income taxation, but borrowers should seek tax advice on how proceeds may affect govern...