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Fake drivers license template washington8/26/2023 By answering questions and providing basic income information, taxpayers can use the IRS EITC Assistant to: If you are not certain if you qualify, both the Comptroller of Maryland and the Internal Revenue Service have electronic assistants that can help. The Maryland earned income tax credit (EITC) will either reduce or eliminate the amount of the state and local income tax that you owe.ĭetailed EITC guidance for Tax Year 2022, including annual income thresholds can be found here. If you qualify for the federal earned income tax credit and claim it on your federal return, you may be entitled to a Maryland earned income tax credit on the state return equal to 50% of the federal tax credit. The Earned Income Tax Credit, also known as Earned Income Credit (EIC), is a benefit for working people with low to moderate income.
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