Tag: ElderlyFamilyDeduction
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Do You Have Any Resident Family Members Turning 18?
Dependents turning 18 need to sign consent forms. Policy allows discretion for signing at 18 or next annual reexamination. The lease should be signed at the same time. All deviations from this policy must be documented in procedures. (50 words)
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Elderly Family Deduction going up?
We know that the Elderly Family Deduction is going up to $550 in 2026 for those that implement HOTMA early, as the forms and MAT guide for 203A has not been published yet. However, why are we seeing errors on 202D certs? If you implement early using 202D cert with the HOTMA values, it will…