K-40SVR Property Tax Relief Claim for Seniors and Disabled: Fill out & sign online (2024)

FAQs

What is the Kansas senior or disabled veteran property tax refund? ›

The Senior or Disabled Veteran (SVR) property tax refund claim (K-40SVR) allows a refund of property tax for senior citizens or disabled veterans. The refund amount is the difference between the current and base year property tax amount.

Qualifying homeowners are eligible for a refund of 75% of their property taxes paid. A homeowner may claim either the Property Tax Relief Claim ("Safe Senior") refund or Homestead, but not both. The Kansas Department of Revenue's WebFile determines which claim is most beneficial to the filer.

Senior Citizen or Disabled Property Owner Tax Relief

When a property owner turns 65 years of age or older, or when he or she is disabled, he or she may file an application immediately for disabled or senior citizen property tax relief. This benefit reduces a qualified property owner's property tax by 50 percent.

SAFESR - Kansas Property Tax Relief for Low Income Seniors

SAFESR is also referred to as, "Kansas Property Tax Relief for Low Income Seniors". The refund is 75% of the 2023 general property tax paid or to be paid - as shown on the 2023 real estate tax statement for the residence in which the claimant lived in 2023.

The Kansas Emergency Rental Assistance (KERA) program provides rent and utility assistance to households that have experienced financial hardships during the COVID pandemic.

Refund Advancement Program

The amount of the advancement is based on the 2022 refund amount. You may participate in this program by marking the Refund Advancement Program check box on your 2023 Form K-40H, form K-40PT or form K-40SVR. See instructions further down for additional information.

Kansas exempts all Social Security income for seniors with an adjusted gross income (AGI) of $75,000 or less. Public pension income is also exempt, but other forms of retirement income are not. Property taxes in Kansas are above the national median and sales taxes are some of the highest in the country.

To qualify you must be a Kansas resident, living in Kansas the entire year. Your total household income must be $40,500 or less.

The bill also eliminates state taxes on Social Security income, saving Kansas retirees $152 million in the first year alone. Additionally, the bill reduces income taxes and increases the standard deduction and Child and Dependent Care Tax Credit.

Senior Citizens Tax Elimination Act

This bill repeals the inclusion of any Social Security or tier I railroad retirement benefits in gross income for income tax purposes.

How old do you have to be to get a senior discount on property taxes in Illinois? ›

This annual exemption is available for property that is occupied as a residence by a person 65 years of age or older who is liable for paying real estate taxes on the property and is an owner of record of the property or has a legal or equitable interest therein as evidenced by a written instrument, except for a ...

If you and/or your spouse are 65 years of age or older as of January 1, 2023, and claim the Senior Exemption Credit, you may make a combined total contribution of up to $280 or $140 per spouse/RDP.

Standard Deduction and Personal Exemption Increases

The bill would increase the standard deduction amounts from $3,500 to $3,605 for single filing status, $8,000 to $8,240 for married filing status, and $6,000 to $6,180 for head-of- household filing status beginning in tax year 2024.

The lowest rates are mostly in the South and West, and in Hawaii. Some states offer individual credits and exemptions to qualified homeowners, which can further reduce the effective property tax rate. Property taxes are used to pay for local services in the areas where homeowners live.

The Nebraska homestead exemption program is a property tax relief program for six categories of homeowners: 1. Persons over age 65 (see page 8); 2. Veterans totally disabled by a nonservice-connected accident or illness (see page 8); 3.

Golden Years Homestead Property Tax Freeze Program: A bill passed this year would establish a new property tax circuit breaker refund program that has a maximum refund amount of $2,500 on property taxes paid. To qualify, the taxpayer must: Be 65 years of age or older (or be a disabled veteran);

Effective 1 July 2026, 100% service connected disabled Veterans will not pay Kansas sales tax not to exceed $24,000 in purchases per year. Purchases of tobacco, alcohol, and motor vehicle are not included. More to follow as the Kansas Department of Revenue implements the new law.

Some of the payments which are considered disability benefits include: Disability compensation and pension payments for disabilities paid to Veterans or their Families. Grants for homes designed for wheelchair living. Grants for motor vehicles for Veterans who lost their sight or the use of limbs, or.