Today is the Deadline for Montgomery County Homestead Tax Credit
Maryland law now requires that all homeowners in Montgomery County must file an application with the State of Maryland for a “Homestead Tax Credit” in order to continue to receive Montgomery County’s $692 “Income Tax Offset Credit” on Montgomery County homeowners’ annual Property Tax. Only one application is required, and the deadline to receive the $692 “Income Tax Offset Credit” is May 1st — Today.
In order to apply for this Homestead Tax Credit, Montgomery County homeowners can go to the Montgomery County webpage or the State of Maryland webpage. Montgomery County has communicated that County homeowners must have an Access Code the application to apply (which can be found on recently-sent letters from the State). If a homeowner did not get a letter with that Access Code (or no longer has the letter), homeowners should send an email sdat.homestead@maryland.gov requesting their Access Code. Additionally, Montgomery County has published a video explaining the process: Montgomery County Video.
Tax attorneys at Longman & Van Grack work with each of our tax clients for proper tax planning and estate planning throughout Maryland. We work directly with each of our clients to lessen the tax burdens and maximize the tax benefits associated with accomplishing each of their financial goals. We understand that tax planning is part of running a financially-successful business, thus, we work to provide relevant and timely advice that fits with our clients’ overall vision.
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