Form 1040 (Schedule 8812) for Maryland 2024-2025

Form 1040 (Schedule 8812) for Maryland: What You Should Know

If you received a refund of any non-exempt taxes you paid, then you must subtract this deduction from the credit that you earn. So if you earned a tax credit of 500, and paid 100 in state income tax, and 100 for the federal income tax as well, you must subtract in your Maryland return that you owed 750. Schedule 8812 (Form 1040) | H&R Block Tax Code section 170 (the Child Tax Credit) limits the amount that you can claim as a credit for your income tax liability. It is allowed (subject to limitations) only if you have at least one dependent child (under age 18) (see figure below), and you are able to claim the deduction for qualifying expenses (such as the interest and medical expenses you paid on qualifying student loans). For each qualifying child, you can claim an amount up to 2,000 (plus or minus) per qualifying child. If you have three or more qualifying children, the credit is reduced by 25 percent of the amount you can claim for qualifying expenses for the least qualifying child. For example, if you have 3 qualifying children under age 18 (all age 17 or under at the time the tax filing year ends), you may claim this credit on your Maryland return. You may deduct 2,000 for three qualifying children. The total credit allowed for three children would be 3,000. If the credits for qualifying expenses are available, you cannot claim the credit on your Maryland tax return. Instead, report it on your local Federal tax return. Schedule 8812 (Form 1040) | H&R Block Child Tax Credit (TC) Rules for Maryland Taxpayers The Department of Revenue (FOR) rules are different from the IRS rules when it comes to the Child Tax Credit. FOR has more limitations. The credit is not allowed as a deduction against your State income tax liability. (FOR Revenue Rule § 4-1203) You cannot claim a credit for qualified education expenses, or for tuition and living expenses in which the qualifying student is attending school at an institution of higher learning. (FOR Revenue Rule § 4-1203(b)) The credit is not allowed for the expenses of a child who can't work because he or she is disabled.

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