Md. Code Ann., Tax-Gen. § 10-751
Redline — January 1, 2022 → current.View current text →
Current — January 1, 2026
As of January 1, 2022
// EFFECTIVE UNTIL JUNE 30, 2023 PER CHAPTER 40 OF 2021 //
(a) (1) In this section the following words have the meanings indicated.
(a) (1) In this section the following words have the meanings indicated.
(2) “Qualified child” means a dependent of a taxpayer, if the dependent: (i) is a dependent for purposes of § 152 of the Internal Revenue Code; and (ii) 1. is under the age of 17 years; and 2. is a child with a disability, as defined under § 8–401 of the Education Article. (3) “Taxpayer” means: (i) an individual filing an income tax return; or (ii) a married couple filing a joint income tax return.
(2) “Qualified child” means a dependent of a taxpayer, if the dependent: (i) is a dependent for purposes of § 152 of the Internal Revenue Code in effect on December 31, 2024; and (ii) 1. is under the age of 6 years; or 2. A. is under the age of 17 years; and B. is a child with a disability, as defined under § 8–401 of the Education Article. (3) “Taxpayer” means: (i) an individual filing an income tax return; or (ii) a married couple filing a joint income tax return.
(b) A taxpayer who has federal adjusted gross income for the taxable year of $6,000 or less may claim a credit against the State income tax for each qualified child in an amount equal to $500.
(b) A taxpayer who is a resident and has federal adjusted gross income lower than the threshold amount of $15,000 may claim a credit against the State income tax for each qualified child in an amount equal to $500.
(c) The amount of the credit allowed under subsection (b) of this section for a qualified child shall be reduced, but not below zero, by the amount of any federal child tax credit claimed against the federal income tax for the qualified child under § 24 of the Internal Revenue Code.
(c) The amount of the credit shall be reduced by $50 for each $1,000, or fraction thereof, by which the taxpayer’s federal adjusted gross income exceeds the threshold amount, except that the reduction cannot reduce the credit below zero.
(d) If the credit allowed under this section in any taxable year exceeds the State income tax for that taxable year, the taxpayer may claim a refund in the amount of the excess.
(d) If the credit allowed under this section in any taxable year exceeds the State income tax for that taxable year, the taxpayer may claim a refund in the amount of the excess.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.