Posts Tagged ‘tax credit’
Del. Senate Advances Tax Relief Bills For Retired Military, Active Fire-EMS
Thousands of retired military service members and Delaware first responders could get relief on their taxes. One measure passed by the State Senate Tuesday would exclude up to $12,500 worth of military pension income from state tax calculations for all retired service members, regardless of age, starting in 2023. 鈥淥ur nation鈥檚 retired service members, each…
Read MoreVIDEO | Md. Gov. Hogan Proposes $4.6-Billion In Tax Relief, Business Incentives
Heading into his final year in office, Maryland Governor Larry Hogan is proposing a total of $4.6-billion in tax relief for families, retirees and small businesses. One measure would eliminate 100% of state retirement taxes, phased in over time but starting in 2022. Hogan is also proposing expansion of the More Jobs for Marylanders program,…
Read MoreSome Eastern Shore Counties Outpace Md. Average Property Value Increases
Maryland property values have risen by 12-percent over the past three years for what are classified as Group One residential and commercial properties. The Maryland Department of Assessments and Taxation Tuesday announced results of its 2022 reassessment of more than 704-thousand properties. Maryland’s more than two-million property accounts are divided into three groups, each of…
Read MoreDel. Eligible Disabled Veterans May Apply For School Property Tax Credit
Eligible disabled veterans in Delaware may apply for a non-vocational school district property tax credit. Legislation signed by Governor John Carney over the summer allows school districts to grant the tax credit to eligible disabled veterans. All 16 non-vocational districts have approved the credit. To be eligible, applicants must: Receive 100% disability compensation due to…
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