Senior Circuit Breaker Tax Credit. You need to be a Massachusetts resident or part-year resident.

Senior Circuit Breaker Tax Credit. You need to be a Massachusetts resident or part-year resident.

What things to understand

As a citizen that is senior maybe you are qualified to claim a refundable credit on the individual state tax return. The Circuit Breaker taxation credit is dependant on the specific genuine estate fees compensated in the Massachusetts investment property you have or lease and occupy as the major residence.

The credit that is maximum for taxation 12 months 2019 is $1,130. In the event that credit you’re owed surpasses the amount of the tax that is total for the season, you’re going to be refunded the excess number of the credit get wife without interest.