I'll admit, Hawaii is one of my favorite vacation spots and we are planning to get back there this winter. But in addition to great views, warm water and tropical breezes, I came across this bit of news from the Aloha state that makes me like it all the better. Govenor Linda Lingle has proposed several tax relief meassures, one of which definitely relates to what I talk about all the time:
Aging in Place Tax Credit
To make it easier and more practical for seniors to stay in their own homes or with their family, the Administration is proposing a refundable tax credit of up to 50 percent of the costs to modify a personal residence to accommodate an aging or disabled family member. Examples of qualifying expenditures include grab bars in a shower or bathtub, ramps or inclines, and larger doorways for wheelchairs. The maximum credit would be $2,500 for a single taxpayer or $5,000 for a married couple. The tax credits would save residents $8 million per year.
Can we look to other states to be forward looking in this area? Or at least play catch-up?
Link to Governor Lingle's proposal
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