Renting? Looking For $750?

| March 26, 2009 | 2 Comments

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Maryland Offers Up To $750 For Qualified Renters

If you are a Maryland renter and meet some basic qualifications, you may be entitled to a rent credit of up to $750 paid by check from the State.

According to the State Department of Assessments and Taxation website,  you can qualify for the credit if you are older than 60 or 100% disabled or if you are under 60 with a lower income with dependents living with you.  It is worth a look, because every little bit helps.  You can download the form (must be submitted by September 1, 2009) from Eye On Annapolis.

From the MD SDAT website:

The Renters’ Tax Credit Program is a plan that provides property tax credits for renters who meet certain requirements.

The plan was modeled after and designed to be similar in principle to the Homeowners’ Tax Credit Program, which is known to many as the Circuit Breaker Program. The concept rests on the reasoning that renters indirectly pay property taxes as part of their rent and thus should have some protection, as do homeowners.

The plan is based upon the relationship between rent and income. If the portion of rent attributable to the assumed property taxes exceeds a fixed amount in relation to income, the renter can, under specified conditions, receive a credit of as much as $750. The credit is paid as a direct check from the State of Maryland.

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Category: OPINION, POLITICAL NEWS

About the Author ()

John is the publisher and editor of Eye On Annapolis. As a resident and business owner in Anne Arundel County for more than 15 years, he realized that there was something missing in terms of community news–and Eye On Annapolis was born in late spring 2009.

John’s background is in the travel industry as a business owner, industry speaker, and travel writer. In terms of blogging and social media, he cut his teeth with MSNBC.com.