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Community Corner

Senior Circuit Breaker Tax Credit Seminar

Senator Ross and Representative Linsky Announce Natick
Senior Circuit Breaker Tax Credit Seminar
 



Boston
Senator Richard Ross (R-Wrentham)
and Representative David P. Linsky (D-Natick) are pleased to announce that an
informational seminar on the Senior Circuit Breaker Tax Credit will be held at
Senior Center in Natick on Tuesday, February 25th at 10:00AM. They
will be joined by Brian Lynch of the Massachusetts Department of Revenue. 



“The Senior Circuit Breaker Tax
Credit provides much-needed relief to Massachusetts seniors,” said Senator
Ross. “I encourage all interested constituents to attend this seminar and learn
more about how they can benefit from this fundamental program.” 

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“The Circuit Breaker tax credit is a
great resource offered by the state. I believe that all who are eligible should
take advantage of it,” said Representative Linsky. 



The Senior Circuit Breaker is a tax
credit for senior citizens whose property payments account for more than 10% of
their annual income. Eligible seniors will receive a dollar credit on their
Massachusetts tax return for every dollar that their total property tax, water
and sewer bills exceed 10% of their income. A maximum of $1030 credit is
available. Additionally, if the taxpayer has not claimed the tax credit in the
past, (s) he may claim it for the previous three years. 

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To be eligible, taxpayers, aged 65
years or older, must own or rent their residence in Massachusetts, and have an
annual income of: $55,000 or less for a single filer; $69,000 or less for a
head of household; and $82,000 or less for joint filers. If a taxpayer’s
property is assessed at over $700,000, (s) he is not eligible for the tax
credit. 



In 2012, the Circuit Breaker Tax
Credit provided $66 million in credits to nearly 8,000 eligible taxpayers.



Please contact the office of Senator
Ross with any questions or concerns at (617) 722-1555 or Richard.Ross@masenate.gov.

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