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Remember to Take Advantage of Tax Credits and Deductions
This tax season, make sure you claim every dollar you've earned when filing your 2025 tax returns. From the Earned Income Tax Credit (EITC) to the brand-new Senior Deduction, there are important updates to keep in mind when filing your returns this year.
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The Maryland Earned Income Tax Credit (EITC) The EITC provides a refund of up to $4,000 for low- to moderate-income workers, including part-time, seasonal, and state ITIN (Individual Taxpayer Identification Number) filers. Claiming this credit will not impact your eligibility for other benefits like SNAP or housing assistance. To receive the EITC, you must complete the specific credit section on your Maryland state tax return, even if you claimed the federal version. Before submitting your taxes, double-check your final summary to ensure the credit is applied. Learn more at Earned Income Tax Credit.
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New for 2026: The $6,000 Senior Deduction Starting with your 2025 tax returns, Marylanders aged 65 or older can now deduct an additional $6,000 from their taxable income ($12,000 for qualifying married couples). This "senior bonus" is available whether you itemize or take the standard deduction. The full deduction applies to individuals earning under $75,000 (or $150,000 for couples), with a gradual phase-out for higher earners. No special application is needed. Simply check the "65 or older" box on your return to ensure the benefit is applied automatically.
For free tax assistance, check with your local library, reach out to the AARP Foundation Tax-Aide Service at TaxAide.AARPFoundation.org, or visit MarylandComptroller.gov/Taxes.
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