Search results
Taxpayer age 65 and older with income greater than $12,000 on their most recent Alabama Income Tax Return–exempt from all of the state portion of the ad valorem taxes and receive the regular homestead exemption ($2,000 assessed value) on county taxes.
If you are over 65 years of age, or permanent and totally disabled (regardless of age), or blind (regardless of age), you are exempt from the state portion of property tax. County taxes may still be due. Please contact your local taxing official to claim your homestead exemption.
Homeowners over 65 who have an adjusted gross income on their most recent state income tax return of $12,000 or less can claim a principle residence exemption from all county and municipal property taxes, regardless of the assessed value of their property.
14 wrz 2023 · If you’re 65 years or older, own and reside in your home, and have a net income of $12,000 or less, you may qualify for an exemption from paying the state portion of your property taxes. Here’s what you need to know to take advantage of this tax-saving opportunity:
29 lis 2022 · A new tax law signed by Governor Kay Ivey in April of 2022 takes effect on January 1, 2023. The law offers a state income tax exemption of up to $6,000 per individual for distributions made from qualified retirement accounts, such as IRAs and employer-sponsored 401 (k) plans, if the taxpayer is age 65 or older.
18 maj 2023 · The Alabama House of Representatives voted this morning to increase an exemption on the state income tax for people 65 and older. The exemption applies to withdrawals from 401 (k)-type...
21 paź 2015 · If you are over 65 years of age, or permanent and totally disabled (regardless of age), or blind (regardless of age), you are exempt from the state portion of property tax. County taxes may...
