veterans - Linkenheimer LLP CPAs & Advisors

Veterans In California Get Increased Exemptions

Veterans in California get increased exemptions. The CA State Board of Equalization (SBE) has announced increases in both the property exemption amounts and the household income limit for the disabled veterans’ exemption for 2021. For the 2021 assessment year the exemption amounts are $147,535 for the basic exemption, and $221,304 for the low-income exemption (these amounts for the 2020 assessment year are $143,273 and $214,910, respectively). Also, the household income limit for those claiming the low-income exemption is $66,251 (up from $64,337 for 2020). Contact your Linkenheimer CPA with questions.

California Gives Veterans a Boost

The CA Employment Development Dept. has awarded $5 million in Veterans’ Employment-Related Assistance Program grants. The grants are expected to help about 1,200 veterans secure jobs. “EDD is proud to provide California veterans with the tools they need to transition into sustainable careers,” said EDD Director Patrick W. Henning. “This funding will help train and prepare former military personnel for high-growth civilian jobs.” Grants will be used in these counties: Contra Costa, Los Angeles, Orange, Riverside, San Diego and Ventura. The funding is part of the federal Workforce Innovation and Opportunity Act. For more info: https://bit.ly/2Xxms9w