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Tax: Seniors could see a $1,750 tax cut in 2023 in this state

A tax cut package has been assembled by Maryland lawmakers, which could save senior citizens as much as $1,750 next year.

tax return forms to claim tax breaks

Both Democrats and Republicans support the move.

Thousands of seniors who are stuck with fixed incomes and rising inflation may finally catch a break.

The total amount for tax cuts is $1.85 billion dollars.


IRS: Tax deadlines for 2022

Who will benefit from the tax cuts?

People ages 65 and older will benefit from the new tax cuts.

The income requirements allow single filers making below $100,000 to get a $1,000 break.

Married filers earning under $150,000 can get $1,750.

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How long do you have to work before you can claim unemployment?

If your income surpasses those limits you do not qualify.

80% of seniors in the state of Maryland will qualify.

The cuts will begin in 2023.

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