Over 65 Circuit Breaker Credit
Who qualifies
- Age
- 65 or older
- Income limit
- $70,000Federal adjusted gross income for the year two years before taxes are payable must not exceed $60,000 (single return) or $70,000 (joint return with spouse); both figures are adjusted annually by the Social Security cost-of-living increase. income_limit=70000 records the joint-return ceiling.
- Ownership
- Owned and occupied Indiana homestead receiving the homestead standard deduction.
- Residency
- Individual must be at least 65 and reside on the qualifying homestead (an absence for a nursing home or hospital stay does not disqualify).
How much it saves
No dollar estimate. This caps (freezes) the tax bill at the year-you-qualify amount rather than reducing it by a set dollar figure.
How to apply
- Application required: Yes
- Deadline: File with the county auditor; no annual refiling required once approved (must notify the auditor within 60 days of becoming ineligible).
- Renewal: automatic — Carries over automatically while the individual remains eligible.
Combining with other exemptions
Separate from the Over 65 Credit under Ind. Code 6-1.1-51.3-1; an individual may qualify for one and not the other.
Informational only — not legal or tax advice. Exemption rules and amounts are summarized from official statutes and state tax-agency sources as of each program's verified date and can change by legislative session. Dollar figures are estimates derived from Census ACS county tax data, not actual bills. Confirm your eligibility and current amounts with your county assessor before relying on anything here.