The recently enacted Inflation Reduction Act of 2022 contains several new environment-related tax credits that are of interest to individuals and small businesses. The Act also extends and modifies some pre-existing credits. Feel free to contact our office if you have any questions about taking advantage of these new and modified tax credits. Select the document below to learn more.
Nearly 124,000 Postcards To Be Mailed Encouraging Low-income Homeowners and Renters to Apply for Property Tax Credits BALTIMORE – The Maryland State Department of Assessments and Taxation (SDAT) today announced the implementation of its 2022 Tax Credit Awareness Campaign, urging Marylanders to consider whether they may be eligible to receive a homeowners’ or renters’ property tax credit. The quickest and easiest way to find out more information and submit an application is by
More than 40,000 students, graduates have received credit since 2017 ANNAPOLIS, Md. (August 23, 2022) - Comptroller Peter Franchot urges eligible Marylanders to act fast and apply for the Student Loan Debt Relief Tax Credit Program for Tax Year 2022. Applications must be submitted by September 15. "Going to college may seem out of reach for many Marylanders given the huge expense, but tax credits like these help make it possible. I urge everyone to apply now before time runs
Notice 2022-33, 2022-34 IRB The IRS has extended the deadlines for amending a retirement plan or individual arrangement to reflect recent legislation, including the SECURE Act (PL 116-94) and the CARES Act (PL 116-136).
The extended amendment deadline is December 31, 2025, for: 1. An IRA or 2. A qualified retirement plan or 403(b) plan (including 457(b) plans Later deadlines will apply to government retirement plans, including 457(b) plans.
The notice also extends t