According to the Massachusetts state Gov, "The Massachusetts “Circuit Breaker” tax credit program is a program for adults age 65 + whose property taxes and half of the water and sewer bills are more than 10% of their annual gross income (or for renters, if their rent is greater than 25% of their income) and who meet a few other rules." Please select this Mass link for further details of the credit.
When you prepare your Massachusetts state return, Turbo Tax recognizes you are over 65 years old. As you go through the interview and navigate the screens, it will bring you to a section of your return where it addresses the Massachusetts Circuit Breaker section. It will ask you if you own or rent. If you own, it will ask for the assessed value of the property, amount of real estate property taxes unless it is reported in your federal return. it will ask what the amount of your water and sewer bills. Once all the information is entered, the program will determine what your credit will be. To claim the credit, your home has to be in Massachusetts, you have to reside in it, and you would have to pay property. Remember the total of your taxes + 1/2 your water and sewer must be more than 10% of your gross income reported to the state. If you rent, rent payment must be greater than 25% of your income to be eligible for the credit.
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