Unlock Extra Cash with State’s Child Tax Credit Boost for Marylanders- Meet This 2 Criteria Now!

Those getting the federal child tax credit may also be eligible for additional state benefits. Maryland‘s child tax credit supplements the federal program by providing additional payments of up to $960 to qualifying households. Individuals must meet the same eligibility requirements as for the federal credit, including having a kid aged 17 or younger living with them for more than half of the year and being able to claim them as dependents on their tax return. The amount received from Maryland varies by income, with lower-income families perhaps eligible for a higher percentage of the federal benefit, culminating in an additional $512 per kid for those making $30,000 or less.

READ ALSO: Explore the Potential Increase with the Child Tax Credit Amid IRS Bracket Adjustments!

Unlock Extra Cash with State’s Child Tax Credit Boost for Marylanders- Meet This 2 Criteria Now! (PHOTO: The US Sun)

Explore the Potential Increase with the Child Tax Credit Amid IRS Bracket Adjustments

Some filers are concerned about receiving lesser refunds as the tax season progresses. However, individuals claiming the child tax credit still have a chance of receiving a big increase. The IRS has raised tax brackets, potentially resulting in larger returns for many people, especially those whose pay hasn’t kept up with inflation. If you’re curious about how much you might earn from the Maryland child tax credit, you can quickly calculate it using the state’s tax website. Don’t forget that most Americans’ tax filing deadline is April 15th, so take advantage of any credits you’re entitled for before then!

READ ALSO: Tax Credits And Deductions For Financial Freedom – Maximize Your Wallet!