Posts by Tax Department

Tips to Prepare for the 2018 Income Tax Season

With tax season only a few months away, it is crucial to make sure you are ready to process your tax returns in the spring. These following tips will help you to prepare for the upcoming tax season! Collect Relevant Documents and Forms Our first suggestion would be to gather all relevant documents. These forms…

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Beat the summer heat and shop Maryland Tax-Free Week

Just in time for back to school shopping, Maryland apparel retailers are beginning a week of tax-free sales. The second Sunday of August to the following Saturday is designated as Shop Maryland Tax-Free Week each year. That means qualifying apparel and footwear $100 or less, per item, are exempt from the state sales tax. Accessory items are generally…

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New changes to Maryland Section 529 investment plans

If saving for college is on your list of New Year’s resolutions, new laws in Maryland will make 2017 a great year to start. Two new changes to Maryland Section 529 investment plans will make them even more attractive vehicles to save for college expenses. A Section 529 plan is created by making contributions to…

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