The Maryland Department of Assessments and Taxation has announced that applications for the 2024 Homeowners’ and Renters’ Tax Credit programs, which saved Marylanders more than $58 million in FY23, are available online.
“Our department is committed to helping Maryland’s hard-working taxpayers save money on their rent or annual property tax bill, and strongly encourages all eligible residents to apply for the Homeowners’ or Renters’ Tax Credits this year,” said Director Michael Higgs. “We continue to enhance our online tax credit application system to make it faster and easier than ever before for Marylanders to apply for these important tax credits, and the department looks forward to providing the best possible service to our customers.”
To determine eligibility for these credits, and submit an application, visit the department’s innovative online tax credit application system. The deadline to file for both tax credits is October 1, 2024. The Homeowners’ Property Tax Credit Program provides tax relief for eligible homeowners by limiting the amount of property taxes owed based on their income.
Applications received and approved by April 15 will be included on the initial July tax bill. If a resident has already paid their property taxes and applies by October 1, any tax credit that the homeowner may be eligible for will be refunded by their county finance office. Note that many counties also offer additional residential tax credits. If approved to receive the state homeowners’ credit, residents may automatically receive local supplemental homeowners’ credits for which they are eligible.
