Article: 50330

Overview

The Massachusetts Circuit Breaker Tax Credit is refundable credit for eligible senior homeowners and renters who pay more than a certain percentage of their annual income in property taxes or rent. This credit is available even if you do not owe any income tax and can result in a refund.

Eligibility

You may qualify for the Circuit Breaker Credit if you meet all the following:

• Age 65 or older before the end of the tax year.
• Own or rent a primary residence in Massachusetts.
• Total income is below the annual threshold established by the Massachusetts Department of Revenue.
• Assessed property value of your home is under the state’s limit (for homeowners).
• You are not claimed as a dependent on another person’s tax return.

Important Information

• The maximum credit amount is adjusted annually.
• If the credit exceeds your tax due, the difference will be refunded.
• Homeowners must include real estate tax paid and assessed value from their tax bill.
• Renters should have rental agreements or statements showing rent paid.

Add Circuit Breaker Tax Credit

To add the Circuit Breaker Tax Credit:

1. Go to State Taxes.
2. Click I’d like to see the forms I’ve filled out or search for a form.
3. Select Massachusetts.
4. Click on the Credits tab.
5. Click on Circuit Breaker Credit to add and open the form.
6. Enter your information and click Save.

Further Information

For full eligibility criteria and income/property value thresholds for the current tax year, refer to the official guidance from the Massachusetts Department of Revenue.