Making Sense of Taxes and Credits in Maryland: What You Need to Know

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Understanding your taxes doesn’t have to be overwhelming. That’s why the Comptroller of Maryland’s Office is on a mission to help individuals, families, and businesses access important tax benefits, get reliable assistance, and avoid common pitfalls. Whether you’re a parent, a senior, a small business owner, or someone simply trying to make ends meet, here are some helpful answers to questions Marylanders often ask. 

Question 1: Are there tax credits I might be missing out on?
Yes! Maryland offers a number of personal and business tax credits that could reduce what you owe, or increase your refund. For individuals, this includes: 

  • Senior Tax Credit – Helps reduce property taxes for qualifying older adults. 
  • Earned Income Tax Credit (EITC) – A refundable credit for people with lower to moderate income. 
  • Child Tax Credit (CTC) – A $500 credit for parents with young children or dependents with disabilities. 

Businesses can also benefit from credits like the Work Opportunity Tax Credit and Research and Development credits. Visit marylandtaxes.gov/tax-credits to learn more and see if you qualify. 

Question 2: I heard about “unclaimed property.” Is that real?
It’s very real, and it’s your money! The Comptroller’s Office helps Marylanders reclaim forgotten assets like old bank accounts, insurance payouts, or unused refunds. Last year alone, they returned $60 million to residents. You can search for unclaimed property in your name at marylandtaxes.gov. 

Question 3: How can I protect myself from tax scammers?
Tax scams are unfortunately common, especially during filing season. Here are a few tips: 

  • Know who is preparing your taxes and never pay them a percentage of your refund. 
  • Don’t sign blank or incomplete forms. 
  • Avoid sealed envelopes, review everything first. 
  • File early and, if possible, file online for added security. 

The Comptroller’s Office also recommends using direct deposit and verified resources. If you have questions or concerns, their staff is available year-round to help. 

Don’t miss our upcoming free webinar, “Amazing Free Resources and Assistance from the Office of the Maryland Comptroller,” on August 19, 2025, from Noon to 1:00 p.m., presented by Public Engagement Officer Mary Handley. This session will highlight valuable tax credits (including those for individuals with disabilities and older adults), tips to avoid tax scams, how to find unclaimed money, and details on Maryland’s completely free tax assistance, available to everyone, regardless of income. Register HERE. 

The Comptroller’s Office is committed to helping every Marylander keep more of their hard-earned money and gain better access to the resources they deserve. For further guidance you can make a virtual or in-person appointment with the Comptroller’s Office, email taxhelp@marylandtaxes.gov, or call 1-800-MD-TAXES for personalized help.