Bill > HB902

This bill, the Retire in Maryland Tax Relief Act, proposes to create a new state income tax credit for eligible Maryland residents who are at least 77 years old and meet certain income limitations, specifically a federal adjusted gross income (AGI) not exceeding $175,000 for individuals or $250,000 for those filing jointly, including surviving spouses or heads of households. The credit amount will increase with age, ranging from 25% of the state income tax for those 77 years old to 100% for those 80 and older, with similar tiered percentages applying to married couples filing jointly where both spouses meet the age requirement. This tax relief is intended to benefit older residents and will apply to tax years beginning after December 31, 2025, with the provision that any unused credit amount cannot be carried over to future years and cannot be claimed in the same year as another specific tax credit.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0902?ys=2026RS