Get the free Massachusetts Circuit Breaker Credit Application

This document is used by residents of Massachusetts to apply for a property tax credit known as the Circuit Breaker Credit, intended to provide financial relief to qualified homeowners and renters

How to fill out massachusetts circuit breaker credit

How to fill out Massachusetts Circuit Breaker Credit Application

1. Obtain the Massachusetts Circuit Breaker Credit Application from the Massachusetts Department of Revenue website or your local tax office.
2. Ensure you meet the eligibility requirements, including being a Massachusetts resident, age 65 or older, and having a qualifying income.
3. Fill out the personal information section, including your name, address, and Social Security number.
4. Provide details on your property, including the address and ownership status.
5. Report your income on the form, including all sources such as Social Security, pensions, and any other taxable income.
6. Claim any deductions you may have, such as medical expenses not covered by insurance.
7. Calculate the total property tax you paid for the year.
8. Sign and date the application, ensuring all information is correct.
9. Submit the application by mail or online by the deadline set by the Massachusetts Department of Revenue.

Who needs Massachusetts Circuit Breaker Credit Application?

1. Residents of Massachusetts who are age 65 or older and meet certain income and property tax thresholds.

People Also Ask about

Do property taxes go down after age 65?

Often, if you're 65 or older, you'll be able to reduce your property tax bill not only on a house but mobile and manufactured homes, houseboats, townhomes, iniums and so on. You will have to apply: You typically need to apply for a senior freeze.

Who is exempt from paying property taxes in Massachusetts?

Massachusetts laws Includes clauses for real estate tax exemptions for blind persons, qualifying senior citizens, qualifying surviving spouses, minor children and elderly persons, qualifying veterans, and religious and charitable organizations.

What is the new tax credit for Massachusetts?

Senior Circuit Breaker Tax Credit – Governor Healey doubled the Senior Circuit Breaker Tax Credit for Massachusetts residents. If you're 65 years of age or older, you may qualify for a credit of up to $2,730 for tax year 2024. More than 64,000 seniors received this credit last year.

Do senior citizens get a property tax break in Massachusetts?

If you are age 65 or older, you may be eligible to claim a refundable credit on your personal state income tax return. The Senior 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.

Who qualifies for the circuit breaker credit in Massachusetts?

You must be a Massachusetts resident or part-year resident. You must be 65 or older by December 31 of the tax year. You must file a Schedule CB with your Massachusetts personal income tax return. You must own or rent residential property in Massachusetts and occupy it as your primary residence.

Am I eligible for the circuit breaker tax credit?

To be entitled to a credit, the total household income must not exceed $100,000. The total household income is the gross income, as defined by the Internal Revenue Service, of a household for the year preceding the tax year in which an application for circuit breaker tax credit is filed.

At what point do seniors stop paying taxes?

Taxes aren't determined by age, so you will never age out of paying taxes. People who are 65 or older at the end of 2025 have to file a return for that tax year (which is due in 2026) if their gross income is $16,550 or higher. If you're married filing jointly and both 65 or older, that amount is $32,300.

At what age do seniors stop paying property tax in Massachusetts?

For the basic exemption, you must be 70 years old prior to the year applying. Locally adopted exemptions in cities and towns, the age requirement may be reduced to age to 65. You must own and occupy the property as your domicile. Your domicile is where your principal and legal home is located.

For pdfFiller’s FAQs

What is Massachusetts Circuit Breaker Credit Application?

The Massachusetts Circuit Breaker Credit Application is a form that allows eligible homeowners and renters to claim a property tax credit based on their income and property taxes paid. This credit is designed to help lower-income individuals and families with housing costs.

Who is required to file Massachusetts Circuit Breaker Credit Application?

Homeowners and renters in Massachusetts who meet specific income and age requirements, or are disabled, need to file the Circuit Breaker Credit Application to claim the credit. Generally, applicants must be over the age of 65 or meet the criteria for the disabled.

How to fill out Massachusetts Circuit Breaker Credit Application?

To fill out the Massachusetts Circuit Breaker Credit Application, individuals should gather documentation such as proof of age or disability, income details, and property tax information. The application form should be completed with accurate information and submitted to the Massachusetts Department of Revenue by the specified deadline.

What is the purpose of Massachusetts Circuit Breaker Credit Application?

The purpose of the Massachusetts Circuit Breaker Credit Application is to provide financial relief to eligible individuals and families by reducing their property tax burden. This program aims to ensure that housing costs remain manageable for low- and moderate-income residents.

What information must be reported on Massachusetts Circuit Breaker Credit Application?

The Massachusetts Circuit Breaker Credit Application requires applicants to report personal information such as name, address, age, marital status, income, property taxes paid, and any previous credits claimed. Accurate and complete reporting is essential for the application to be processed.