Tag: state property tax deferral programs
A proposed pilot project could relieve the tax burden on older people. Some exciting news. Adam Scanlon, a representative in the Massachusetts House, has submitted a bill to establish “ a senior property tax deferral pilot program.” I have always been a great fan of thinking about the house as a retirement asset and about…
But the step-up in basis at death for income taxation acts as a disincentive. As you know, I’m convinced that many of today’s workers are at risk of having insufficient resources in retirement. The reason for this gloomy picture is a rapidly changing retirement landscape defined by a rising Social Security retirement age, a shar…
