Senior Circuit Breaker Refundable Credit on your State Income Tax

What is the Senior Circuit Breaker?

•A refundable credit on state income taxes for real estate taxes paid on property owned or rented.

•Must be occupied as primary residence

•Maximum credit allowed (2018) is $1,100.00.

•Must be 65 years old before January 1st.

•Total income cannot exceed $58,000.00 Single, $73,000.00 Head of Household, $88,000.00 Filing Jointly.

•Assessed Value of real estate cannot exceed $778,000.00

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