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
o
currently
be a Maryland resident
o
have
incurred at least $20,000 in total undergraduate student loan debt;
o
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!
