 |
ELDERLY EXEMPTION 41D FOR FY 2012 |
ELIGIBILITY REQUIREMENTS
- ELIGIBLE AGE IS 65 AS OF JULY 1st
- ALL FINANCIAL REPORTING NUMBERS ARE FROM 7/1/2011
(CHECKING/SAVINGS/CD’S/DIVIDENDS/SOCIAL SECURITY/ STOCKS, ETC)
INCOME LIMIT IS BASED ON 2010 INCOME.
- SINGLE APPLICANT: INCOME LIMIT - $25,906
ASSET LIMIT - $51,816
- MARRIED APPLICANT: INCOME LIMIT - $38,861
ASSET LIMIT - $71,053
- MARRIED CO-OWNER THAT IS NOT APPLICANT’S SPOUSE
INCOME LIMIT --- $15,000
ASSET LIMIT --- $30,000
INCOME LIMIT --- $13,000
ASSET LIMIT --- $28,000
SOCIAL SECURITY DEDUCTION
WORKER - $4,158
SPOUSE - $2,079
$6,237
****** AMOUNT OFF TOTAL TAXES ~ $1,000 *******
| |
