The Illinois Department of Revenue is reminding senior citizens about the availability of the Senior Citizens Real Estate Tax Deferral Program. The program, which works like a loan, allows qualified seniors to defer all or part of their property taxes and special assessment payments on their principal residences. Taxpayers who apply and qualify are allowed to defer a maximum of $7,500 per tax year, including both first and second installment payments. The deadline to apply for the program is March 1.
***Courtesy of the Illinois Radio Network***
