Who qualifies for the Circuit Breaker Credit?
To see the requirements for the Circuit Breaker credit see here.
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:
- Go to Screen 53, Other Credits.
- Select Massachusetts Circuit Breaker Credit from the left navigation panel.
- Click on the 1 from the lower-left navigation panel under the Residence section.
- Complete any applicable fields in the Homeowner Information section.
Follow these steps to generate MA Schedule CB for renters:
- Go to Screen 51, Modifications.
- Select Massachusetts Rental Deduction from the left navigation panel.
- Locate the Landlord Information subsection and enter the following fields:
- ZIP code
- Locate the Occupancy Information subsection and enter the following fields:
- Rents paid in 2023
- Date occupied
- Date vacated