For immediate release:
August 10, 2015
- September 1 Deadline is Less Than One Month Away -
Baltimore, Md. (August 10, 2015) – Qualified renters in Maryland are running out of time to take advantage of available tax credits, just as their home owning counterparts do. The Renter’s Tax Credit program gives qualified renters in Maryland the potential to receive a credit up to $750.
The program is designed to help renters whose monthly rent exceeds a fixed amount in relation to their income. If they qualify, they may be able to receive a credit up to, but not exceeding, $750. Not every Marylander who rents their home can take advantage of the credit. In order to qualify for the program, renters must meet specific eligibility requirements:
The deadline to apply for the credit is September 1 of the year in which the credit will apply. Although, waiting until the last minute is never recommended. “We always encourage residents to file as early as possible to avoid any last minute filing backlog,” says Agency Director Sean Powell.
Applications are available at local libraries, senior centers, and social security offices, as well as online, via email, or by calling the Tax Credits Telephone Service at 410-767-4433 (in Baltimore) or toll-free 1-800-944-7403.
For all of calendar year 2014, the agency received more than 11,000 applications, issuing nearly 8,000 credits, for a total of $2.4 million in tax credits for Marylanders who rent their homes.
For more information, and specific guidelines on qualifications for the Renter’s Tax Credit, please visit the agency’s website or call the Tax Credits Telephone Service at 410-767- 4433 (in Baltimore) or toll-free 1-800-944-7403.
Follow SDAT on Twitter: @MD_SDAT and Facebook: Maryland State Department of Assessments and Taxation.
MEDIA CONTACT: Kim Frum 410-767-1142 (office), 410-585-4125 (cell)
301 W. Preston St., Baltimore, MD 21201-2395