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Q.Do Seniors or the Disabled get a tax break on their real estate tax?
A.Yes. Propositions 60 and 90 allow qualified seniors age 55 and older and disabled people to buy a residence of equal or lesser value than their existing home and transfer their current taxable value to their new property. Continue reading the following answers to FAQs in this section to learn more.
IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained on this web site is not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed on a taxpayer under the U.S. Internal Revenue Service.
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