Time is running out to apply for a tax credit known as the Homestead Preservation Credit – a program that provides a real estate property tax credit for homeowners who qualify. Ted Farnen, Communications Director with the Missouri Department of Revenue, points out there are eligibility requirements that must be met by all those who apply.
“You have to be 65 or older, as of January 1st of this year,” said Farnen in an interview with the Missourinet. “The total adjusted gross income of the people living at the house can’t be more than $77,254 and you also have to have your property tax receipts from the past three years.”
Farnen says homeowners who are 100 percent disabled are also eligible. He adds all those who want to be considered must get moving.
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