File with your local Registry of Deeds. If you are age 65 or older, you may be eligible to claim a refundable credit on your personal state income tax return.Use Form 8898 to notify the IRS that you became or ceased to be a bona fide resident of a US territory in accordance with section 937(c). What is the filing fee? The credit is based on the property taxes or rent paid in the previous year and aims to reduce the tax burden for those with limited incomes. Thank you for taking the time to fill out this questionnaire. Apply for a Tax Clearance. Do I make a separate payment? A late filing can result in the imposition of penalty and interest. We apply the exemption amount to your thirdquarter tax bill that is issued in late December.
