topic Massachusetts Schedule CB ("Circuit Breaker" credit for real estate taxes paid) in Get your taxes done using TurboTax

Massachusetts Schedule CB ("Circuit Breaker" credit for real estate taxes paid)

JeffH505050 — Sat, 20 Mar 2021 16:56:19 GMT

Massachusetts Schedule CB ("Circuit Breaker") is a credit for a portion of real estate taxes paid by seniors. TT is saying "You don't qualify for this credit because your Massachusetts adjusted gross income exceeds the $92,000 allowed to claim this credit." When I did the paper schedule by hand, I qualify for the full credit. My AGI is well below the limit. Actually for this credit, Massachusetts adds certain income back in, to come up with a modified AGI. This year I rolled over my 401K to a Traditional IRA. I'm thinking maybe TT has incorrectly added this back in to that modified AGI, thus declaring that I don't qualify. Both my Federal return and my state return correctly show that rollover as non-taxable. Any ideas how to get TT to calculate the credit correctly? Thanks.

Re: Massachusetts Schedule CB ("Circuit Breaker" credit for real estate taxes paid)

Jayrock — Sun, 21 Mar 2021 09:07:47 GMT

Ive been trying saying thats what happened and why i wasnt getting it since the first time i checked and it said that.

Re: Massachusetts Schedule CB ("Circuit Breaker" credit for real estate taxes paid)

JeffH505050 — Sun, 21 Mar 2021 12:59:00 GMT

Are you saying that you've run into the same problem, or, have you found a solution? Thanks.