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Generating individual MA Schedule CB, Circuit Breaker Credit in Lacerte

SOLVEDby IntuitLacerte Tax18Updated July 13, 2022

Who qualifies for the Circuit Breaker Credit?

The following qualifications must be met to generate the MA Schedule CB:

  • The taxpayer must be over 65 years old.
  • The taxpayer must meet the income limitation.
    • This is $61,000 for single, $76,000 for Head of Household and $92,000 for Married Filing Jointly, who spend more than 10% of their total MA income on taxes and utilities.
    • If the taxpayer is a renter, 25% of their annual MA rent must exceed 10% of their total MA income for the tax year.
  • The assessed value of the real estate as of January 1, 2020, before residential exemptions but after abatements, can't exceed $848,000.

Refer to this Massachusetts Department of Revenue resource for more information.

How do I generate Schedule CB in Lacerte?

Use the applicable set of instructions below to generate Schedule CB for a homeowner or a renter.

Follow these steps to generate MA Schedule CB for homeowners:

  1. Go to Screen 53, Other Credits.
  2. Select Massachusetts Circuit Breaker Credit from the left navigation panel.
  3. Click on the 1 from the lower-left navigation panel under the Residence section.
  4. Complete any applicable fields in the Homeowner Information section.

Follow these steps to generate MA Schedule CB for renters:

  1. Go to Screen 51, Modifications.
  2. Select Massachusetts Rental Deduction from the left navigation panel.
  3. Locate the Landlord Information subsection and enter the following fields:
    • Name
    • Street
    • City
    • State
    • ZIP code
  4. Locate the Occupancy Information subsection and enter the following fields:
    • Rents paid in 2021
    • Date occupied
    • Date vacated

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