8 mid-sized cities where a $3,000 pension goes twice as far

8 mid-sized cities where a $3,000 pension goes twice as far 3. Huntsville, Alabama - Rocket City with Rock-Bottom Costs ©Wikimedia Tucked away in the hills of northern Alabama, Huntsville is a frequent flyer on affordability lists for its competitive housing costs and high quality of life, ranking number two for value overall. There's something quietly remarkable about a city that houses NASA engineers and retirees under the same very affordable roof. It's an unusual and energizing mix. Alabama has a cost of living index of 87.9, the third-lowest in the country, with the second-lowest housing costs across all states and the average single-family house selling for just $170,184. For someone drawing $3,000 a month, that means housing costs that barely register compared to what they'd pay in a coastal city. Alabama also has especially attractive tax policies, including no income taxes on retirement income from government pensions or 401(k) plans. Reference: www.ms...
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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

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