Maryland Tax Credits you Need to know about
Courtesy of Leather Mae Tax service http://baltimoretaxguy.com/ **Tax Credits** * Adoption credit: Up to $6,000 for the adoption of a child with special needs through a public or nonprofit adoption agency and up to $5,000 for the adoption of a child without special needs. * Long-term care insurance credit: Up to $450 or $500 for the payment of qualified long-term care insurance premiums.This is a one time credit. * Community investment tax credit: A tax credit of 50% of the approved contributions to approved Neighborhood and Community Assistance Programs. * Accessibility and universal visitability features tax credit: A credit equal to 50% of the qualified expenses (up to $5,000 or MD tax liability) incurred during a taxable year to install accessibility and universal visitability features to or within a home. * Endowments of Maryland historically black colleges and universities tax credit : A credit of 25% of the amount of donations made to a qualified permanent fund held at an el
