Maryland Assessment Procedure Manual

Category:Tax Credits
Category No.:012
Subject:Application
Subject No.:020
Topic:Deferred Compensation - Homeowners
Topic No.:132
Date Issued:5/1/1988
Revision Date:
Deferred Compensation


There is a separate line item for applicants to report any deferred compensation. Deferred compensation, like a contribution to an IRA or Keogh, is fully countable for purposes of the Tax Credit Program. The instructions state that any application with deferred compensation must attach a W-2 statement to certify the amount of compensation being deferred.