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Category: Maryland
62 Articles
Orange arrow Maryland Neighborhood Stabilization Credit

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  If you live in the Hillendale, Northbrook, Pelham Woods or Taylor/Dartmouth areas of Baltimore County, you may qualify for this credit. Credit for homes purchased in Baltimore County must have been applied for by December 31, 2005. After certification by Baltimore County, you may claim an income t...
Posted in: STATES, Maryland

Orange arrow Maryland PIN Number

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  When you file electronically using online software, you use a PIN (Personal Identification Number) instead of a signature. The PIN you used to file your federal return electronically can be the same PIN you use to electronically file your Maryland return. If you use online software to file your Ma...
Posted in: STATES, Maryland

Orange arrow Maryland Quality Teacher Incentive Credit

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  If you are a qualified teacher, you may be able to claim a credit against your State tax liability for tuition paid to take courses required to maintain certification. This credit applies to individuals who: a. Currently hold a standard professional certificate or advanced professional certificate...
Posted in: STATES, Maryland

Orange arrow Maryland Disability Employment Tax Credit

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  MARYLAND DISABILITY EMPLOYMENT TAX CREDIT usinesses that employ persons with disabilities, as determined by the Division of Rehabilitation Services (DORS) in the Maryland State Department of Education and/or by the Maryland Department of Labor, Licensing and Regulation (DLLR) , may be eligible for...
Posted in: STATES, Maryland

Orange arrow Maryland Businesses That Create New Jobs Tax Credit

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  Businesses That Create New Jobs Tax Credit Businesses located in Maryland that create new positions and establish or expand business facilities in the state may be entitled to a tax credit. To be eligible for the tax credit, businesses must first have been granted a property tax credit by ...
Posted in: STATES, Maryland

Orange arrow Maryland Telecommunications Property Tax Credit

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  Telecommunications Property Tax Credit In the 2012 Special Session, a credit for a portion of telecommunications property taxes paid was repealed, beginning in tax year 2012. A credit is allowed for a public utility that is a telecommunications company for a portion of the total property ...
Posted in: STATES, Maryland

Orange arrow Maryland Payment Options

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  ELECTRONICALLY FILING YOUR RETURN The fastest way to file your return and receive your refund is to file electronically and request direct deposit. If you request direct deposit on your electronic return your refund should be in your bank account within 72 hours of acknowledgement from the Revenue ...
Posted in: STATES, Maryland

Orange arrow Maryland Preservation & Conservation Easements

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  If you donated an easement to the Maryland Environmental Trust or the Maryland Agricultural Land Preservation Foundation to preserve open space, natural resources, agriculture, forest land, watersheds, significant ecosystems, view sheds or historic properties, you may be eligible for a tax credit. ...
Posted in: STATES, Maryland

Orange arrow Maryland Employer Provided Long-Term Care Insurance Credit

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  Employer-Provided Long-Term Care Insurance Tax Credit An employer, including organizations exempt from taxation under §501(c)(3) or (4) of the Internal Revenue Code, that provides long-term care insurance as part of an employee benefit package may claim a credit for costs incurred dur...
Posted in: STATES, Maryland

Orange arrow Maryland Research and Development Tax Credit

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  Research and Development Tax Credit (R&D) Businesses that have qualified R&D expenditures in Maryland may qualify for two state income tax credits, the Basic R&D Tax Credit and the Growth R&D Tax Credit. The tax credit remains in effect until January 1, 2020, subject to ex...
Posted in: STATES, Maryland

Orange arrow Maryland Clean Energy Incentive Credit

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  The Clean Energy Incentive Tax Credit, enacted in 2006, offers Marylanders a state income tax credit for electricity generated by qualified resources of 0.85 cents per kilo-watt hour, and 0.50 cents per kilo-watt hour for electricity generated from co-firing a qualified resource with coal. These cr...
Posted in: STATES, Maryland

Orange arrow Maryland Commuter Tax Credit

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  Commuter Tax Credit Maryland employers, including organizations exempt from taxation under §501(c)(3) or (4) of the Internal Revenue Code, may claim a tax credit for a portion of the eligible costs of providing commuter benefits to participating employees. The credit may be taken aga...
Posted in: STATES, Maryland

Orange arrow One Maryland Economic Development Tax Credit

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  One Maryland Economic Development Tax Credit The One Maryland Tax Credit Program provides two income tax credits to businesses that initiate major investment projects in Maryland’s most economically distressed jurisdictions. The Project Tax Credit can be as much as $5 million and the...
Posted in: STATES, Maryland

Orange arrow Maryland Business Tax Credit Summary

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  This part is to summarize all available tax credits reported on this form. If the total credits available in a particular tax year exceed the tax developed for that year, the excess may not be refunded. An addition to income is required for credits from Parts A, B, C, G, J, K and S. A. ENTERPRISE ...
Posted in: STATES, Maryland

Orange arrow Maryland Enterprise Zone Tax Credit

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  General Requirements Businesses located in an enterprise zone may be eligible for tax credits based upon wages paid to qualifying employees. For businesses located in a focus area (an area within an enterprise zone that is especially in need) the credit amounts are higher. Businesses that own, oper...
Posted in: STATES, Maryland


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