How Much Is The Maryland Student Loan Tax Credit

 The Maryland Student Loan Debt Relief Tax Credit provides an income tax credit for Maryland residents who have incurred undergraduate and/or graduate student loan debt and are making eligible payments on the debt. The tax credit is designed to help alleviate the burden of student loan debt for Maryland residents.

As of my last update, the tax credit could provide up to $5,000 annually per taxpayer, depending on the amount of eligible student loan debt and the total funding available for the program. However, the specific amount of the tax credit can vary from year to year based on factors such as the state budget and the number of applicants.

It's important to note that eligibility criteria, application procedures, and the amount of the tax credit can change, so I recommend checking the official Maryland Department of Higher Education or Maryland State Government website for the most up-to-date information on the Maryland Student Loan Debt Relief Tax Credit program.

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