Seniors Getting Tax Help?

It looks like there may be an additional homestead tax break for senior citizens. They may be able now to claim up to $75,000 if they meet certain income requirements, if local governments act by June 1. These governments must adopt an ordinance implementing the tax breaks and deliver that ordinance to the county appraiser.

The sticking point is going to be how much of a hit the local budget will take if a particular locality implements the change in the tax law. Several cities have already declined to implement the tax break citing financial reasons. Some are waiting for the legislature to finish work on a tax overhaul bill. That stance is going to be real popular with their low income senior citizens.