Tag Archives: Maryland
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreCommuting to work has become such commonplace that several taxpayers even cross state borders to work. Living in one state and working in another doesn’t automatically mean that you have to pay taxes on your earnings twice. You’re only required to pay your fair share of taxes, so you should make sure you understand exactly […]
— Read moreThe Earned Income Tax Credit (EITC) plays an important role in keeping working families out of poverty. Along with the federal credit, the state of Maryland offers taxpayers their own version of the credit. Modeled after the federal credit, Maryland’s EITC follows the same eligibility rules. Basically, any taxpayer in the state that was able […]
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