🎉 Historic Victory for Jamaica's Seniors
April 2024 marked the most significant tax relief for senior citizens in Jamaica's modern history. The government recognized that seniors on fixed incomes were struggling with inflation and rising costs.
Senior Tax Benefits 2024:
- Old Pension Exemption: J$80,000 annually
- New Pension Exemption: J$250,040 annually
- Combined with Threshold: J$1,950,040 total tax-free income
- Potential Savings: Up to J$42,510 annually