Evangeline, an 80-year-old widow living alone, has a fixed income of $11,000 per year from social security. If the local option homestead relief exemption exists in Evangeline's county of residence, what might she be entitled to

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07-02-2022
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Evangeline, an 80-year-old widow living alone, has a fixed income of $11,000 per year from social security. If the local option homestead relief exemption exists in Evangeline's county of residence, what might she be entitled to

Sagot :

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jayilych4real jayilych4real · Answer 1 · 2022-02-15T06:41:38-05:00

If the local option homestead relief exemption exists in Evangeline's county of residence, the amount she might she be entitled to is:

A Homestead exemption of $5,000, which is a standard deduction.

What is a Homestead Exemption?

This refers to the property laws which prevents a homeowner from losing her properties after the death of a spouse from creditors and taxation.

With this in mind, we can see that because Evangeline is an 80 year old widow and does have a fixed income of $11,000 per year from social security, then she is entitled to a Homestead exemption of $5,000, which is a standard deduction.

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Evangeline, an 80-year-old widow living alone, has a fixed income of $11,000 per year from social security. If the local option homestead relief exemption exists in Evangeline's county of residence, what might she be entitled to

Sagot :

What is a Homestead Exemption?

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