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Everything to Know About Maryland State Stimulus Checks


Everything to Know About Maryland State Stimulus Checks
The Maryland Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and Families (RELIEF) Act recently passed. Here s what you should know.
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The Maryland Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and Families (RELIEF) Act recently passed. Here s what you should know.
In February, Maryland passed the The Maryland Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and Families (RELIEF) Act. The RELIEF Act provides aid to Maryland residents through a number of measures, including an economic impact payment or stimulus payment for some people.
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IRS tax season 2021: 9 costly tax mistakes to avoid


1. Missing a tax break
Tax credits and exemptions are available, particularly for those who were financially affected by the pandemic. The latest COVID-19 economic relief package, signed by President Donald Trump on Dec. 27, created a special break for obtaining the Earned Income Tax Credit, a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children.
 
But the deal isn’t automatic. Filers and the people who help them with their taxes now must be aware of the new option and take the time to review 2019 earnings, as well as earnings in 2020, to calculate the credit. And they cannot simply assume that they won’t qualify for it. ....

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