Financial Needs Exemption available for those at risk

A caller, Dottie from Dracut, asked about the possible increase in the elderly tax exemption on the 980 WCAP Saturday Morning Live with Warren Shaw radio show.

Allison Hughes took on the issue, replying that it is actually a needs based exemption for any family currently having a problem paying their taxes.  The number of taxpayers in this need is very small, and the revenue is made up across the rest of the taxpayers on much less than pennies on the dollar.

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