Can I apply for back years of the Senior Freeze rebate?

Here's what you need to know about the Senior Freeze. ( Q. I am applying for the Senior Freeze for the first time for 2018. My late husband turned 65 in 2013 and he passed away in 2016. Assuming we meet the income limit, can I go back and apply for those years? -- Widow A. We're sorry to hear about your husband. Let's first cover the basics for the Senior Freeze, which reimburses eligible New Jersey residents who are seniors or disabled for property tax increases on their principal residence. To be eligible for a reimbursement, you must meet all the following requirements for each year from the what's called the "base year" through the application year, said Bernie Kiely, a certi

Are all Social Security benefits taxable?

Social Security benefits of all kinds have the same tax rules. ( Q. You've gone over tax rules for Social Security retirement payments. What about Social Security disability payments? Survivor benefits? Any difference in tax requirements? -- Wondering A. The answer to this one is simple. When we have discussed the taxation of Social Security benefits, we have usually discussed retirement benefits, as you said. But the rules are the same for all payments from Social Security. "Social Security benefits include monthly retirement, survivor and disability benefits," said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morri

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Phone: 973-455-1894 | 51 Dumont Place, Morristown, NJ 07960 | Get directions!

Kiely Capital Management offers financial planning and investment advice. Serving Central and Northern New Jersey, Yvonne and Bernard (Bernie) Kiely provide over 25 years of experience offering discretionary asset management, retirement planning and income tax preparation. KCM is registered with the State of New Jersey as a Registered Investment Advisor.


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