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Maryland Excess Credit Carryover

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Maryland Excess Credit Carryover

Answer
Most credits may not exceed the Maryland income tax liability, but may be carried forward for a specified number of successive tax years or until fully applied. It is your responsibility to maintain a record of credits for which you qualify, credits that have been taken in prior years, and the amount of each credit that may be carried forward.

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Article Details
Views: 1309 Created on: Jun 15, 2013
Date updated: Dec 27, 2018
Posted in: States, Maryland

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