Real Estate Tax Credit for Persons Age 65 + (known as the Circuit Breaker Credit)

Have you heard about the Circuit Breaker Credit? Get money back because of the property taxes you have paid. My neighbor, who found out about it only this year, filed for the last three years and received a check totaling over $2,000.

Who qualifies? Well, you need to be over 65 years old; made less than $ 46,000 if you file as single, $58,000 as head of a household, and $70,000 if married filing jointly; and your assessed property value is no more than $684,000. You also need to file a state tax return in Mass.

The tax relief program was started in 2001 but if you haven’t taken advantage of it you are allowed to file back three years.

Check out the link to see if you qualify! You can get up to $870 for 2006 alone!

http://www.dor.state.ma.us/help/guides/abate_amend/personal/issues/realestate.htm

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