$5,000 Tax Credit for Student Debt Now Available

Have you (or do you know someone who has) incurred at least $20,000 in undergraduate student loan debt and have at least $5,000 in outstanding undergraduate student loan debt remaining?  If so, you are eligible for a tax credit of up to $5,000 on your 2017 personal income tax!

As a result of legislation passed by the Maryland General Assembly, there is a new tax credit available for Maryland residents.

You must

  • currently be a Maryland resident
  • have incurred at least $20,000 in total undergraduate student loan debt;
  • have at least $5,000 in outstanding student loan debt during the tax year for which you are applying.

The deadline is September 15th to be eligible to receive a credit on this year’s taxes.  The tax credit will also be available in future years.

There are $5 million of tax credits available.  Priority will be given to those with the highest ratio of student debt to gross income; then to those who graduated from an institution of higher education in the state of Maryland.

You can find out more about the tax credit and get an application form by going to:  http://mhec.maryland.gov/preparing/Pages/StudentLoanDebtReliefTaxCredit.aspx .  If you do not yourself have student debt, pass the word to your friends and relatives.

 

Lifetime Senior Pass to All National Parks to Increase from $10 to $80

This is a great bargain. If you plan to travel to any of the national parks and you’re 62 or over, for $10 you can buy a Senior Pass, which enables you to visit any or all the national parks for no charge.   But the Lifetime Pass will increase to $80 on August 28th.  You can still get a pass for $10 by going on-line https://store.usgs.gov/senior-pass, or you can get one in person at the Fort Washington National Park.  It’s a good deal…especially at $10.

5th Annual District 47 – Family and Friends Cookout

Saturday, Sept. 9, 12:00 PM to 3 :00 PM

            4300 39th Place, Brentwood

Join us for free food, games, music and more!

RSVP to ngrecco@house.state.md.us or leave a message at 301-858-3340