Seniors Work Off Property Taxes
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GREENBURGH, N.Y. -- Audrey Davison lives alone, gets a $620 Social Security check each month and worries about the sharply rising taxes on her four-bedroom house. Davison, 76, raised her family there, and after 43 years, she really doesn't want to leave Greenburgh.
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Across the country, local governments are feeling a financial strain driven largely by the nationâs real estate downturn and some are considering higher taxes.
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Like an allowance that extends far past adolescence, parents are helping finance their childrenâs lives longer, and depleting their retirement savings in the process.
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About 3.2 million households in the state, most of which are middle and lower income, would be affected, according to tax records.
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About three dozen area residents could get an unexpected windfall -- they are owed refunds by the Internal Revenue Service. They are among more than 6,400 refunds owed to taxpayers in New York that have yet to be claimed.
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By Aliana Ramos, The Sun News, Myrtle Beach, S.C.  Jan. 31--GEORGETOWN -- A new cap on property values could make funding future capital projects in Georgetown County more difficult by limiting tax revenue, officials said.
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Health plan fees are soaring and many of the nationâs early retirees are having a hard time paying the bills.
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Towns in need of inexpensive housing are turning to garage apartments, mother-in-law units and cottages in the backyard.
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Over two million homes are worth more than Â£300,000, the level at which inheritance tax is levied, a report says.
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More Americans are quitting the workforce without retiring their mortgage. Big mistake? It could prove more taxing than they ever imagined.
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A homeowner could save as much as $250 on heating bills over last year.
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Historic preservation was a sleepy field until seven years ago, when James Kearns and Steven McClain began advising homeowners of an obscure federal program that they could use to claim sizable income tax write-offs.
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To help homeowners with high property taxes, Governor Deval Patrick is proposing to extend a disputed measure that temporarily allows municipalities to collect a greater share of taxes from business properties.
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The UK must force people to work until age 70 or pay 57 billion pounds ($102 billion) a year more in taxes to maintain income for retirees, a study commissioned by Prime Minister Tony Blair&#39;s government showed.
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Changing benefits keep boomers working longer.
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With fewer young people to work and pay taxes, the cost of looking after older people with state pensions becomes ever more prohibitive.
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They&#39;re not exactly giving away toasters to new members, but Medicare HMOs in South Florida are offering lots of new goodies to get senior citizens to join up.