The Department of Revenue has planned an extensive series of presentations to educate taxpayers 65 and older about the benefits of the Senior Circuit Breaker Credit.
For tax year 2016, the credit is worth as much as $1,070 for eligible taxpayers 65 and older who either own or rent their home. The credit is refundable, meaning that if a taxpayer does not have an offsetting state tax liability, or has a liability that is smaller than the credit, they receive a check from the Commonwealth for either the entire credit or for the portion left after taxes are paid. See: TIR 16-8: Annual Update of Real Estate Tax Credit for Certain Persons Age 65 and Older..
Seniors who live in public or subsidized housing are not eligible for the credit.
In tax year 2015, 85,146 taxpayers received $74.2 million in Circuit Breaker Credits for an average of $872.00 per taxpayer.
DOR’s Brian Lynch will conduct informational sessions on the credit in various Massachusetts senior centers and Council on Aging (COA) offices. Please click here for a list of dates and locations.