Question

Has anyone had any luck getting the Massachusetts Senior Circuit breaker credit to work instead of it saying that AGI is too high when it definitely isn't?

Forum|Forum|3 years ago
March 13, 2023
2 replies
0 views

No text available

TurboTax Premier Online

I am able to generate a Massachusetts Circuit Breaker Credit for a homeowner with Massachusetts property taxes.

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.

Eligibility for the Massachusetts Senior Circuit Breaker Credit may be found here.

What error message are you receiving?

@vinro1

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

V

vinro1Author

I’m being told our AGI exceeds 96,000, which it does not. It does not take me to the worksheet to input property taxes or water and sewer expenses.

DawnC

Employee

To qualify for the credit, for the tax year 2022, your total Massachusetts income (not MA AGI) can't exceed:

$64,000 for a single individual who is not the head of a household.
$80,000 for a head of household.
$96,000 for married couples filing a joint return.

Check your MA tax return - or State Tax Summary to verify you do not have some income entered twice.

__________________________________________________________________________

___________________________________________________________________________

Calculating Massachusetts AGI - The Tax Summary will show the MA AGI

Federal gross income (Form 1, Line 10 or Form 1-NR/PY, Line 12 for part-year residents and nonresidents)

+ Schedule B, Line 35 (interest, dividends, and short-term capital gains)

+ Schedule D, Line 19 (long-term capital gains)

- Schedule Y, Lines 1 - 10

- Schedule B adjustments

- Schedule D adjustments

= Massachusetts AGI

+ All other income excluded from Massachusetts gross income
- Minus the personal income, dependent, over age 65, and blindness exemptions
= Total income for purposes of the credit

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

E

EJB3

It worked for me, but MA Dor asked for tax and assessment documentation to review the credit determined by Turbotax. They determined that the credit was not allowed and determined I would be responsible for updated interest and penalty charges. The issue they said is that the credit applies to taxes paid on up to 1 acre of land. If you have more land than that the property tax must be adjusted. Turbotax did not have set of questions that would support assessing this requirement.