IMPORTANT NOTICE TO MARYLAND EMPLOYEES
FEDERAL AND MARYLAND EARNED INCOME TAX CREDITS ARE AVAILABLE TO CERTAIN LOW-INCOME INDIVIDUALS AND FAMILIES.
THESE CREDITS CAN REDUCE THE AMOUNT OF INCOME TAX OWED OR INCREASE AN INCOME TAX REFUND, AND SOME CREDITS MAYBE RECEIVED EVEN IF INCOME IS LESS THAN REQUIRED TO FILE A TAXRETURN
2012 Maryland Earned Income Tax Credit (EITC)
Maryland’s EITC is a credit for certain taxpayers who have income and have worked. The state EITC reduces the amount of Maryland tax you owe. The local EITC reduces the amount of county tax you owe. Some taxpayers may even qualify for a refundable Maryland EITC.
Most taxpayers who are eligible and file for a federal EITC can receive the Maryland state and local EITC. The allowable Maryland credit is up to one-half of the federal credit. To be eligible for the federal and Maryland EITC, your federal adjusted gross income and your earned income must be less than the following:
– $43,998 ($49,078 for married filing jointly) if you have three or more qualifying children
– $40,964 ($46,044 for married filing jointly) if you have two qualifying children
– $36,052 ($41,132 for married filing jointly) if you have one qualifying child
– $13,660 ($18,740 for married filing jointly) if you do not have a qualifying child
To receive the Maryland EITC, you must be eligible for the federal credit. If your income is less than the amounts shown in this notice, you should visit the Internal Revenue Service website at {http://www.irs.gov}, or contact your tax advisor to learn if you meet the other requirements. You may also be entitled to a refundable Maryland EITC and to a local EITC.
If you are a part-year resident or a non-resident of Maryland, you may be entitled to a prorated share of the credit, if you have Maryland income.
If you have any further questions about the Maryland EITC, you should visit their website at
http://www.marylandtaxes.com or call 1-800-MD-TAXES.
2012 Federal Earned Income Tax Credit (EITC)
For more information about the federal EITC visit: http://www.irs.gov/individuals or call the IRS at 1-800-829-1040
