![]() Income means federal adjusted gross income minus the taxable amount of total distributions from IRAs (individual retirement accounts and individual retirement annuities). ![]() Income eligibility for the 2024 STAR credit is based on federal or state income tax return information from the 2022 tax year.Income eligibility for the 2023 STAR credit is based on federal or state income tax return information from the 2021 tax year.Until then, they may receive the Basic STAR benefit as long as they are otherwise eligible. Otherwise, the surviving spouse may apply for Enhanced STAR in the year in which they turn 65. However, when property is jointly owned by a married couple, only one spouse needs to be at least 65 years of age.Ī surviving spouse can retain an existing Enhanced STAR benefit that had been granted to an age-eligible spouse if the surviving spouse is at least 62 years of age by December 31 in the year that their age-eligible spouse passed away. Normally, to be eligible for Enhanced STAR, all of the property owners must be at least 65 years of age. The Tax Department may also request proof of residency. length of time spent each year on the property.Some factors that help determine whether a property is your primary residence include: Purchaser(s) in possession of the home under an executory contract of sale (aka land contract) are considered owners(s).Ĭorporations, partnerships, and LLCs are not eligible unless it is a farm dwelling. The property must be owned by the eligible applicant(s).Ī married couple can receive only one STAR benefit regardless of how many properties they own, unless they are legally separated. ![]() The income limit applies to the combined incomes of all owners (residents and non-residents), and any owner's spouse who resides at the property. The income limit applies to the combined incomes of only the owners and owners' spouses who reside at the property. Surviving spouses may be eligible to retain the Enhanced STAR benefit. The property must be the primary residence of at least one age-eligible owner.Īll owners must be at least age 65 as of December 31 of the year of the exemption, except where the property is jointly owned by only a married couple or only siblings, in which case only one owner needs to meet the age requirement. The property must be the primary residence of an owner.*
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