Over 65 years old? You could be paying extra if you’re not taking advantage of state tax exemption

Over 65 years old? You could be paying extra if you’re not taking advantage of state tax exemption Over 65 years old? You could be paying extra if you’re not taking advantage of state tax exemption ... MADISON COUNTY, Ala. (WHNT) – The “Over 65 Years Old Exemption” applies to anyone in the state ...If a property owner if 65 years old, or older, the owner will qualify for additional exemptions. Proof of age and income must be submitted to the Tax Assessor’s Office. Handwritten tax returns are not accepted. A verification of non-filing letter from the IRS or a copy of the taxpayer’s transcript will need to be submitted if taxpayer is not required to file federal income taxes. ... get it online at: https://www.irs.gov/individuals/get-transcript Reference: whnt.com

Here's the Average Social Security Retired Worker's Benefit by State

Here's the Average Social Security Retired Worker's Benefit by State

The Social Security Administration (SSA) publishes monthly snapshots detailing the average benefit paid to different beneficiary groups. For instance, the average retired-worker benefit was $1,838.58 in July 2023, and the average spousal benefit was $891.32.

The SSA also publishes an Annual Statistical Supplement that breaks the data down differently. I recently discussed the average retired worker benefit by age, but the annual report also provides geographic information. The table below shows the average Social Security benefit paid to retired workers across all 50 states (and Washington, D.C.) in Dec. 2022.

Reference: www.fool.com

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