Information for 2024 Circuit Breaker Tax Credit

For Residents who are eligible for the 2024 Circuit Breaker Tax Credit

*Please talk to your accountant about your eligibility.

Total Cost for 2024 = $106,924.34

Water – $62,331.96

Middleton Sewerage – $20,798.40

Ferncroft Sewer Mgmt – $23,793.98

Who is eligible for the Circuit Breaker Tax Credit:

• You must be a Massachusetts resident or part-year resident.

• You must be 65 or older by December 31 of the tax year.

• You must file a Schedule CB with your Massachusetts personal income tax return. 

• You must own or rent residential property in Massachusetts and occupy it as your primary residence.

• For tax year 2024, your total Massachusetts income doesn't exceed:

  • $72,000 for a single individual who is not the head of a household.

  • $91,000 for a head of household.

  • $109,000 for married couples filing a joint return.

• If you are a homeowner, your Massachusetts property tax payments, together with half of your water and sewer expense, must exceed 10% of your total Massachusetts income for the tax year.

• If you are a renter, 25% of your annual Massachusetts rent must exceed 10% of your total Massachusetts income for the tax year.

• The assessed valuation of the homeowner's personal residence as of January 1, 2024, before residential exemptions but after abatements, cannot exceed $1,172,000.

• The Schedule CB must be completed within 3 years from the last day for filing the return, without regard to any extension of time to file.