Residents of Maryland Are Leaving Millions on the Table: Here is How to Claim Your Share

Maryland has some of the most generous—and underused—tax credit programs in the country, including a specific initiative that will pay off a portion of your student loans and a property tax credit that extends to renters, not just homeowners.

Here is your guide to finding the money that belongs to you in the Free State.

1. The Unclaimed Property Search

Unlike the federal government, Maryland has a dedicated division to help you reunite with your lost assets. These aren't just tax refunds; they are funds turned over to the state when a business loses contact with you for three years or more.

The process is free, and you can now upload your documentation online rather than mailing it in.

How to Check:

• Go to the Official Site: Visit marylandtaxes.gov and navigate to the "Unclaimed Property" section.
• Search Variations: Enter your current name, maiden name, and any common misspellings.
• Check the "Shop": Maryland actually runs an eBay account ("Maryland Unclaimed Property") where it auctions off safe-deposit box contents. If you think a relative left behind jewelry or collectibles, you can search there, too.

2. The Student Loan Debt Relief Tax Credit (Up to $5,000)

This is Maryland's "best-kept secret." If you have student loans, the state may give you a tax credit worth up to $5,000 to help pay them off.

This is not a deduction; it is a tax credit. Even better, if the credit is more than what you owe in state taxes, you may get a refund for the difference.

Who is eligible?

• You must be a Maryland resident for the tax year.
• You must have incurred at least $20,000 in total undergraduate or graduate debt.
• You must have at least $5,000 in outstanding debt remaining.

Crucial Deadline: The application window usually opens in July and closes strictly on September 15. Mark your calendar now, because if you miss the window, you miss the money for the entire year.

3. The "Renters' Tax Credit" (Not Just for Owners)

Most people know about tax breaks for homeowners, but Maryland is one of the few states that offers a cash check to renters as well.

The program is based on the idea that renters indirectly pay property taxes through their rent. If your rent is high compared to your income, the state may send you a check for up to $1,000.

Who qualifies?

• Renters age 60 or older.
• Renters who are 100% disabled.
• Renters under 60, if they have a dependent child and meet income guidelines.

Deadline: You must file the application form by October 1 of each year.

4. Homeowners' Property Tax Credit

If you own a home, the "Circuit Breaker" program limits the amount of property tax you have to pay based on your income.

The 2026 combined household income limit is $60,000. If you earn less than this, you likely qualify for a credit that caps your tax bill.

Pro Tip: While the final deadline is October 1, if you apply by April 15, the credit will be applied directly to your July tax bill, meaning you won't have to pay the full amount upfront and wait for a refund.

Action Plan: 3 Steps to Take Today

1. Search the Database: Go to the Maryland Comptroller's site and run a search for your name.
2. Set a "Student Loan" Reminder: If you have debt, set a calendar alert for July 1 to check the Maryland Higher Education Commission website for the application opening.
3. Check Your Parents' Eligibility: If you have parents over 60 who rent in Maryland, they almost certainly don't know about the Renters' Tax Credit. Help them fill out the form—it could be worth $1,000 to them.