This is a selection of some of the tax credits available to Maryland taxpayers. Check with the Office of the Comptroller or your tax professional for more information on these tax credits as you prepare your Maryland income tax return.
| | For property tax credits, see Homestead Tax Credit | |
In addition to the credits listed below, Maryland residents who paid income tax to another state may be entitled to a tax credit on their Maryland return.
In most cases, no credit may be claimed for tax paid on wages earned in Pennsylvania, Virginia, West Virginia and Washington, D.C. Maryland has a reciprocal agreement with these states, and Maryland residents who work in these states only pay Maryland taxes. However, there are exceptions, so consult with a tax professional. Also if these states collected taxes in error, you could be due a refund.
Other Maryland tax credits include:
- Child and Dependent Care Tax Credit
If you claimed this credit on your federal income tax return, you may be eligible for a Maryland tax credit.
- Quality Teacher Incentive Credit
Public school teachers who paid tuition for graduate-level courses to maintain certification may be entitled to a credit.
- Heritage Structure Rehabilitation Tax Credits
Substantial expenses incurred in a 24-month period to rehabilitate a certified heritage structure in Maryland may generate a tax credit.
- Long-Term Care Insurance Credit
If you purchase a long-term care insurance for yourself or certain members of your family, you may be eligible for a credit of up to $500.
- Neighborhood Stabilization Credit
Some homeowners in Waverly or Landsdowne in Baltimore City or in the Hillendale, Northbrook, Pelham Woods or Taylor/Dartmouth sections of Baltimore County may earn a tax credit.
- Maryland Earned Income Tax Credit
If you claimed it on your federal return, you may be entitled to a Maryland earned income tax credit equal to 50 percent of the federal credit.
- Poverty-Level Credit
If your income is below the poverty level, this credit can applied against your state and local income tax.
- Preservation and Conservation Easement Credit
Taxpayers who donate a perpetual easement to the Maryland Environmental Trust or the Maryland Agricultural Land Preservation Foundation may be entitled to a tax credit.
- Aquaculture Oyster Float Credit
purchasers of new aquaculture oyster floats on may be entitled to a tax credit of up to $500.