Montgomery Community Media

On Tuesday, the Montgomery County Council unanimously approved a bill that expands eligibility for the county’s local income tax credit: the Working Families Income Supplement (WFIS). The amendment allows residents who qualify for either the federal or state earned income tax credit (EITC) to be eligible for the county’s WFIS, according to a council staff […]

Maryland Comptroller Peter Franchot said 98% of stimulus payments to individuals, issued under the RELIEF Act of 2021, will be processed by Friday, Feb. 19. On Monday, Gov. Larry Hogan signed the Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families (RELIEF) Act, which will provide about 400,000 eligible recipients with direct stimulus payments, among other […]

Most people file a tax return because they have to, but even if you don’t, there are times when you should–because you might be eligible for a tax refund and not know it. The six tax tips below should help you determine whether you’re one of them. 1. General Filing Rules. Whether you need to file […]

Every year, it’s a sure bet that there will be changes to current tax law and this year is no different, now that the tax provisions under the Tax Cuts and Jobs Act of 2017 (TCJA) are in full effect. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of […]

Highlighting the positive impact of the Earned Income Tax Credit (EITC), County Executive Isiah Leggett and the County Council proclaimed today as Earned Income Tax Credit (EITC) Awareness Day. The EITC is one of the country’s most successful anti-poverty efforts. In 2015, the EITC lifted about 6.5 million people out of poverty, including about 3.3 […]

The United Way of the National Capitol Area (United Way NCA) in partnership with four area nonprofits will provide free tax return services for the 2016 tax season. The service is part of the Volunteer Income Tax Assistance Program (VITA), which seeks to provide assistance for low to moderate income individuals and families.  Timothy Johnson […]

As households start turning their attention to preparing annual tax returns, the Montgomery County Council on Feb. 25 sought to bring attention to a credit available to certain low-income families by declaring Earned Income Tax Credit (EITC) Awareness Day. Montgomery County is one of only three local jurisdictions in the U.S. to provide a local […]

The Montgomery County Council, on Oct.29, unanimously approved Expedited Bill 8-13. The bill would increase the County’s Working Families Income Supplement for low-income households to 90 percent of the Maryland refundable credit beginning in Fiscal Year 2015 95 percent in FY16 100 percent in FY17 and beyond. The chief sponsor was Councilmember Hans Riemer. Councilmembers […]