Montgomery County’s Income Tax Offset Credit (ITOC) program grants County residents who live in the property they own a $692 credit.
Councilmember Natali Fani-González urges residents to apply before the May 1 deadline.
The State law has changed. To receive the ITOC, residential property owners must now have a Homestead Tax Credit (HTC) on file with the Maryland State Department of Assessments and Taxation (SDAT) before May 1, 2023. If a property owner received the credit and does not apply before this deadline, they will be billed $692 and will not receive the tax credit until the State processes their application. Once the application is on file, it will automatically apply to future years, according to the Montgomery County Department of Finance.
Homeowners must reapply by May 1 to continue receiving the Income Tax Offset Credit (ITOC). Please verify if you have already applied or learn how to reapply here: https://t.co/chyp9AdsV9 Once you successfully apply this year, it will automatically apply into the future.
— CM Natali Fani-González (@NataliFGonzalez) April 12, 2023
To apply and get more information, click here.
