Posted inPolitics, State

Senior citizens can take advantage of state Tax Deferral Program

The Illinois Department of Revenue highlighted the Senior Citizens Real Estate Tax Deferral Program which allows qualified seniors to defer all or part of their property taxes and special assessment payments on their principal residences. The program, which works like a loan, allows qualified seniors to defer a maximum of $5,000 per tax year (including both first and second installment payments).

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