FY-17 ELDERLY (17-D AND 41-C) EXEMPTION INCOME AND ASSET LIMITS
The 41-C Exemption requires being a Massachusetts resident for the last 10 years and having owned and occupied a home in Massachusetts for the preceding five years. The 17-D requires ownership and occupation of your home for the preceding five years.
Exemption/marital status |
Amount |
Minimum Age |
Maximum income if a portion is from Social Security or Government Pension |
Maximum Assets Not including value of house |
17-D/single or married |
$175 |
70 |
No maximum |
$40,000 |
41-C/single |
$1000 |
65 |
$24,523 |
$40,000 |
41-C/married |
$1000 |
65 |
$36,785 |
$55,000 |
Total household income must be verifiable by tax returns and/or earnings statements. Assets include all bank accounts, IRA’s, stocks, investments, personal property, and real estate excluding primary residence.