Maryland Homeowners and Renters Tax Credit Apply by October 1 for Financial Relief

For many Marylanders, the cost of property taxes or rent can be challenging. To help ease this burden, the state offers the Homeowners and Renters Tax Credit programs, designed to provide financial relief to eligible residents.

What Are These Tax Credits?

The Homeowners Tax Credit is available to low-income homeowners, helping reduce the amount of property taxes owed based on income. If your property taxes exceed a certain percentage of your income, the state will cover the difference, making homeownership more affordable.

The Renters Tax Credit provides financial assistance to renters who are struggling with high rent costs. This credit offers direct payments to qualifying low-income renters, particularly seniors, disabled individuals, and families.

Who Qualifies?

Eligibility is primarily based on income. Households earning $60,000 or less may qualify, with additional considerations for age and disability. Seniors aged 60 or older as well as disabled individuals are encouraged to apply, but all low-income homeowners and renters should check their eligibility.

How to Apply

Applying is simple:

·         Visit the Maryland OneStop portal (https://onestop.md.gov) to start your application. This online platform guides you through the process.

·         Gather Your Documents: You’ll need to provide proof of income, details about your home or rental, and any relevant information about your age or disability status.

·         Submit by October 1^st: The deadline is crucial. Be sure to submit your application by October 1^st to ensure you receive the credit for this tax year.

Why Apply?

These tax credits are designed to help Marylanders manage the costs of housing. Whether you own your home or rent, these programs can provide significant financial relief, making it easier to stay in your home and maintain your quality of life.

Don’t miss out. Apply by October 1^st through the Maryland OneStop portal to take advantage of this valuable opportunity.

Yehoshua Sopher founded Elicit to help people earn the government benefits they deserve. He can be reached at elicit.yehoshua@gmail.com or 410-205-9668.