Wednesday, November 9, 2016

Massachusetts Senior Circuit Breaker Credit Limitations Updated for 2016

The MA Senior Circuit Breaker Credit eligibility requirements have been updated for 2016.  See MA TIR 16-8 (10/4/2016).  The maximum credit amount of $1,070 has NOT changed.  The maximum assessed value of the principal residence has increased by $27,000 to $720,000.  (It’s expensive to live in MA, as we know).

The maximum income thresholds for 2016 are:  Single - $57,000; head of household - $71,000; married filing jointly - $86,000.

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