Senior Circuit Breaker Credit

As a senior citizen, you may be eligible to claim a refundable credit on your personal state income tax return. The Circuit Breaker tax credit is based on the actual real estate taxes paid on the Massachusetts residential property you own or rent and occupy as your principal residence.

The maximum credit amount for tax year 2020 is $1,150. If the credit you’re owed exceeds the amount of the total tax payable for the year, you’ll be refunded the additional amount of the credit without interest.

To qualify, a taxpayer:

  • must be 65 or older before December 31, 2020 and
  • must own or rent in Massachusetts as principal residence and
  • must have gross income less than $60,000, if such person is single and not head of household, less than $75,000, if such person is head of household, or less than $90,000, if such person files a joint tax return with spouse and
  • must not have an assessed real estate valuation exceeding $808,000.

How to apply:
If you are eligible for the Circuit Breaker Credit, complete Schedule CB with your Massachusetts state income tax return.  For more details, please visit Apply for the Circuit Breaker tax credit.

 

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