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Your net worth, not including the value of the property on which you are seeking the credit or any qualified retirement savings or Individual Retirement Accounts, must be less than $200,000. Your combined gross household income cannot exceed $60,000.
The Senior Tax Credit is available to homeowners at least 65 for whom the property is their principal residence (see the HOTC page for details); Interested homeowners must submit the Homeowners Tax Credit Application to the Maryland State Department of Assessments and Taxation (SDAT).
(2) 25% of the County property tax credit imposed on the dwelling house if the disabled veterans service-connected disability rating is at least 50% but not more than 74%.
The Earned Income Tax Credit (EITC) is a benefit for working people with low to moderate income. If you qualify for the federal earned income tax credit and claim it on your federal return, you may be entitled to a Maryland earned income tax credit on the state return equal to 50% of the federal tax credit.
Maryland residents who are least age 65 may qualify for a tax credit of $1000 for individuals. Married filing jointly, qualifying surviving spouse, and head of household may qualify for tax credit of $1750.
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