Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
There are no income limits to receive the Homestead Tax Credit. To apply online, you can visit or you can download a paper application at or request an application be sent to you by calling 410-767-2165 or 1-866-650-8783.
Maryland offers an additional property tax credit for homeowners who are 70 years or older, have lived in their home for at least 40 years, or are retired military personnel. This credit further reduces property tax liability for eligible seniors.
New for tax year 2022. Residents who are at least 65 on the last day of the tax year may be eligible for a nonrefundable tax credit of up to $1,000. To claim this credit, complete Part M of Form 502CR and follow the instructions for reporting your total credits on Form 502.
You and your spouse may claim an additional $1,000 exemption on the Maryland return for being 65 years of age or older or blind. If any other dependent claimed is 65 or over, you also receive an extra exemption of up to $3,200.
Armed Services veterans with a permanent service connected disability rated 100% by the Veterans Administration may receive a complete exemption from real property taxes on the dwelling house and surrounding yard. These veterans also may apply at any time and do not have to meet the September 1 filing deadline.
People over 65 can deduct up to $34,300. Of pension and annuity income on their tax returns thatMorePeople over 65 can deduct up to $34,300. Of pension and annuity income on their tax returns that means people with a pension earning less than that number would not owe the state any taxes.
Your net worth, not including the value of the property on which you are seeking the credit or any qualified retirement savings or Individual Retirement Accounts, must be less than $200,000. Your combined gross household income cannot exceed $60,000.
In Maryland, the homestead exemption applies to real property, including your home, inium, or co-op. You must own and occupy the property to protect it. The homestead exemption also applies to a manufactured home you have converted to real property by permanently affixing it to the land.