Your End-of-Year Tax Checklist for Massachusetts Homeowners

As the end of 2025 draws near, now is a smart time for homeowners in Massachusetts to get organized and make sure you’re taking full advantage of tax breaks and credits before year-end. Below are a few key items to add to your tax to-do list — consider this your friendly, “don’t wait until April” guide.

✅ Must-Check Items for 2025

• Gather your property tax bills and payment records. Whether you paid taxes directly or through escrow, make sure you have documentation of 2025 real estate tax payments, as those may be deductible or useful if you qualify for certain credits.

• Review if you qualify for Senior Circuit Breaker Tax Credit (if age 65+ by December 31). For 2025, this credit is capped at $2,820. To qualify, the home must be your principal residence, and total income must fall under certain thresholds (e.g. for married couples filing jointly, up to $112,000).

• Check whether your home qualifies for a Residential Exemption (if you live in a city that offers it). This exemption — for owner-occupied primary residences — can significantly reduce your tax bill by lowering the taxable value of your home.

• Decide whether to itemize deductions or take the standard deduction. If you plan to itemize on your federal return, property taxes (along with state and local taxes) and mortgage interest may offer value — though under prior law the deduction was capped, so check whether your total deductions make itemizing worthwhile.

• If you made energy-saving improvements or home upgrades, gather receipts and records. Energy-efficient upgrades sometimes carry incentives or credits; having documentation ready will help when filing. While not every upgrade qualifies, good record-keeping never hurts.

📝 What This Means for You — Homeowner Takeaways

• If you paid 2025 property taxes already, make sure to track those payments and file them appropriately — they may reduce your overall tax burden or qualify you for state credits.

• If you or a spouse qualify for Senior Circuit Breaker, don’t let that $2,820 slip — it’s worth filing if you meet the income and residency requirements.

• If your town offers a residential exemption, check deadlines and eligibility now so you don’t miss out (often you need to apply early).

• Compare deduction options (itemized vs. standard) to see which gives you more advantage — especially if you have mortgage interest, high property taxes, or other deductible expenses.

• Keep all receipts and records for home improvements, upgrades, or energy-related work — they might help now or in the future

If you live in or around Boston and you’re unsure how these pieces apply to your situation — I’m happy to help!

👉 Need personalized advice or just want to talk through your tax-planning as a homeowner? Book a free consultation with me anytime. I’m here to chat and help you get your finances in order before the year closes.