Financial Assistance Programs

blue icon of hands holding a houseNational Council on Aging Resources

From assistance with medication costs to food and home repair benefits, the National Council on Aging has programs nationwide to help seniors live well on a fixed income. Check out their website's Benefits CheckUp program and connect with us to talk through your options. 

Elizabeth E. Boit Fund to Assist Local Residents

Mystic Valley Elder Services has established the Elizabeth E. Boit Fund, a program dedicated to helping to meet the pressing needs of older adults living in Wakefield who face an urgent need, meet certain eligibility requirements, and have nowhere else to turn for help. If you require assistance that is essential to your ongoing well-being, call 781-324-7705 to learn more about the Boit Fund for Wakefield residents.

Wakefield Tax Exemption Program

Residents aged 60 and over could qualify for an exemption of $750.00 (less tax) on their real estate tax bills in exchange for 68 hours of service to the Town of Wakefield. Interested residents must submit an application by June 1 with an effective date in July. There can only be one applicant per household. 
 
Eligibility
In order to be eligible for the program, residents must:
  • be age 60 years and over
  • be the assessed owner of the property on which the tax is exempted
  • live in the property as a primary residence 
  • have owned residence for at least 5 years
  • have lived in Massachusetts for at least 10 years
Application Guidelines
  • The application (available here) must be submitted to the Senior Center at 30 Converse Street by June 1, 2018
  • The tax exemption will be effective July 2018 – May 2019
Service Overview
  • Residents will commit to 68 hours of service, as assigned, within a specified time frame 
  • Assignments will be determined by matching the applicant’s skills, interests, and availability with job requests
  • For additional information, contact Judy Luciano at 781-245-3312  

Massachusetts Senior Circuit Breaker Tax Credit

If you are a Massachusetts resident aged 65 and over, you may be eligible to claim a refundable credit on your personal state income tax return. The Circuit Breaker tax credit is based on the actual real estate taxes paid on the Massachusetts residential property you own or rent and occupy as your principal residence. Learn more about the program on the official Massachusetts Department of Revenue website here.