Senior Exemption 41C

Fiscal Year FY20

Eligibility Requirements

  1. Eligible age is 65 as of July 1, 2019
  2. Income is based on 2018 (December 31, 2018)
  3. All financial reporting numbers – as of July 1,2019 (Checking, Savings, CD’s, Dividends, Social Security, Stocks, etc.)
  • Single applicant: 
    • Income limit - $18,986
    • Asset limit - $40,744
       
  • Married applicant:
    • Income limit - $21,907
    • Asset limit - $43,812
       
  • Social Security deduction:
    • Worker - $4,758
    • Spouse - $2,379
    • Total        $7,137

Total Deduction $500.00