FRAMINGHAM, MA – Representatives of the MA Department of Revenue, (DOR), will be giving presentations at area senior centers to educate taxpayers 65 and older about the benefits of the MA Senior Circuit Breaker Tax Credit, (real estate tax credit).
For tax year 2011, the credit is worth as much as $980.00, (nine hundred and eighty dollars), to eligible taxpayers 65 and older who either own or rent their home.
While the rules for the credit are not overly complicated, the informational sessions will help seniors understand the requirements to be eligible for the credit.
Some of the basic rules are: non-head of household single filers must have total income under $52k, or under $65k for a head of household, or under $78k for those who file joint returns. The credit is available to owners of homes with an assessed value of $729k or less, (after exemptions and any abatement).
If your tax liability is less than $980.00, to offset the credit, the State of Massachusetts will send you a check!
The closest locations to Framingham where the presentations will be held are:
- On January 25th, 2012 at 1:00 p.m at the Wayland Council on Aging, 4 Cochituate Rd., Wayland, MA. Phone: 508-358-2990.
- On February 22nd, 2012 at 1:00 p.m. at the Natick Council on Aging, 90 Oak St., Natick, MA, phone: (508) 647-6540.
Additional information and schedule of other locations where the Circuit Breaker Tax Credit presentation will be held can be found on the MA DOR website at: www.mass.gov/dor
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