Retire in Maryland Tax Relief Act

Summary

The bill lets qualifying seniors (age 77 or older) who earn no more than $175,000 individually or $250,000 jointly claim a credit that reduces their Maryland income tax. The credit grows from 25% to 100% of the tax owed as the taxpayer’s age increases, and it applies to tax years beginning after Dec. 31, 2025. It cannot be carried over or combined with other state tax credits.

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