Income Tax – Individual Itemized Deductions – Alterations

Summary

The bill changes Maryland’s income‑tax rules so that, for tax years beginning after Dec. 31, 2024 and before Jan. 1, 2030, taxpayers who itemize must subtract the amount they claimed for real‑property taxes from their federal itemized deduction, capped at $10,000. It also keeps existing limits based on income levels and other deductions. The change takes effect July 1, 2026 and applies only to individual filers, not fiduciaries.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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