Home­own­ers’ and renters’ tax credit ap­pli­ca­tions due Sept. 4

The Avenue News - - EDITORIAL -

The Mary­land State Depart­ment of As­sess­ments and Tax­a­tion (SDAT) is urg­ing Mary­lan­ders to con­sider whether they may be eli­gi­ble to re­ceive a home­own­ers’ or renters’ prop­erty tax credit and to sub­mit an an­nual ap­pli­ca­tion be­fore the Sept. 4 dead­line. Com­bined, these two tax credit pro­grams helped more than 55,000 Mary­lan­ders save more than $65 mil­lion in taxes in 2017. SDAT has also signed a Mem­o­ran­dum of Un­der­stand­ing (MOU) with Ben­e­fits Data Trust (BDT) to pro­mote these tax cred­its and help low-in­come home­own­ers’ and renters’ com­plete their ap­pli­ca­tions.

“Ev­ery year, our Depart­ment con­tacts more than one hun­dred thou­sand low-in­come Mary­lan­ders who may be eli­gi­ble for tax re­lief, and we re­main com­mit­ted to find­ing in­no­va­tive and ef­fec­tive ways to en­cour­age them to ap­ply,” said SDAT Direc­tor Michael Higgs. “We are ex­cited about our new part­ner­ship with BDT, which will make it even eas­ier for in­di­vid­u­als and fam­i­lies in-need to find and ap­ply for the home­own­ers’ and renters’ tax cred­its.”

The Home­own­ers’ Prop­erty Tax Credit Pro­gram pro­vides tax re­lief for eli­gi­ble home­own­ers by set­ting a limit on the amount of prop­erty taxes owed based on their in­come. If a res­i­dent has al­ready paid their prop­erty taxes and ap­plies be­fore Sept. 1, any tax credit that the home­owner may be eli­gi­ble for will be re­funded by their county fi­nance of­fice. The Renters’ Prop­erty Tax Credit Pro­gram sim­i­larly pro­vides tax re­lief for eli­gi­ble renters who pay high monthly rent rel­a­tive to their to­tal in­come. This credit is is­sued in the form of a direct check pay­ment of up to $1,000 a year.

To de­ter­mine whether you are eli­gi­ble to re­ceive a tax credit, you may visit the links above or call 410-7674433 or 1-800-944-7403 (toll free within Mary­land). To re­ceive an ap­pli­ca­tion, please email sdat.tax­cred­i­tapp@mary­land.gov or call 410-767-4238.

In 2017, ap­prox­i­mately 47,000 home­own­ers re­ceived an av­er­age of $1,339 in tax re­lief, while more than 8,800 renters re­ceived an av­er­age of $402 in tax re­lief. These two tax credit pro­grams alone saved Mary­land tax­pay­ers more than $65 mil­lion last year. Home­own­ers may also be eli­gi­ble to re­ceive the Home­stead Tax Credit to limit tax­able as­sess­ment in­creases on their prin­ci­pal res­i­dence. Many coun­ties and mu­nic­i­pal­i­ties also pro­vide sup­ple­men­tal home­own­ers’ cred­its, which pro­vide ad­di­tional tax re­lief. If a res­i­dent is ap­proved to re­ceive the state home­own­ers’ credit, they will au­to­mat­i­cally re­ceive any lo­cal sup­ple­men­tal home­own­ers’ credit for which they are eli­gi­ble.

SDAT has en­tered into a part­ner­ship with BDT, which is a na­tional non-profit com­mit­ted to trans­form­ing how fam­i­lies and in­di­vid­u­als in­need ac­cess es­sen­tial ben­e­fits and ser­vices in Mary­land through the Mary­land Ben­e­fits Cen­ter. Mul­tilin­gual out­reach spe­cial­ists will as­sist in­di­vid­u­als dur­ing the en­tire ap­pli­ca­tion process for the home­own­ers’ and renters’ tax cred­its. They will also im­me­di­ately con­nect ap­pli­cants with nu­mer­ous other state, lo­cal, and com­mu­nity pro­grams avail­able to en­sure they are able to meet their ba­sic needs.

Ad­di­tion­ally, SDAT re­cently con­ducted a tax credit aware­ness cam­paign to ed­u­cate Mar yland home­own­ers and renters about the avail­abil­ity of these tax cred­its. Over 77,000 post­cards were mailed to low-in­come home­own­ers who may be eli­gi­ble to re­ceive a tax credit, but have not yet sub­mit­ted an ap­pli­ca­tion. SDAT has also been proac­tively shar­ing this in­for­ma­tion with the pub­lic through direct mail, email cam­paigns, so­cial me­dia, and other forms of com­mu­nity out­reach.

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