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I qualified for the senior circuit breaker credit last year. My income and rent is about the same but says I did not qualify?

 
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KrisD15
Employee Tax Expert

I qualified for the senior circuit breaker credit last year. My income and rent is about the same but says I did not qualify?

According to the State of Massachusetts the requirements are:

  • "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.

  • For tax year 2024, your total Massachusetts income doesn't exceed:
    $72,000 for a single individual who is not the head of a household.
    $91,000 for a head of household.
    $109,000 for married couples filing a joint return.

  • If you are a homeowner, your Massachusetts property tax payments, together with half of your water and sewer expense, must exceed 10% of your total Massachusetts income for the tax year.
    If you are a renter, 25% of your annual Massachusetts rent must exceed 10% of your total Massachusetts income for the tax year.

  • The assessed valuation of the homeowner's personal residence as of January 1, 2024, before residential exemptions but after abatements, cannot exceed $1,172,000.

  • The Schedule CB must be completed within 3 years from the last day for filing the return, without regard to any extension of time to file."

 


 

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