Maryland relies on various taxes, with state income tax being the largest contributor to its general fund. Tax preparers face unique challenges due to Maryland’s strategic location and its population of government and military personnel. This course provides an overview of Maryland’s tax system, focusing on individual taxpayer regulations and the latest tax modifications for the 2024 filing season. Completing this two-hour course counts toward the Maryland Individual Tax Preparers’ continuing education requirement and enriches understanding of local tax laws and recent legislative changes.

• Identify the residency status of taxpayers in different circumstances and determine whether each must file a Maryland tax return
• Identify the list of software providers approved by the Comptroller of Maryland for the preparation of individual tax returns and business tax returns
• Identify the Maryland tax credits for individuals and businesses that expired or were introduced for 2023 (2024 filing season)
• Identify the Maryland new subtraction modification for individuals and businesses that were introduced for 2023 (2024 filing season)

Tax Year: 2023