Tax Relief May Be Available For Property Owners Impacted By Heavy Rain and Flood Damage
SDAT Will Identify Damaged Real Property for Reassessment, Encourages Residents To Apply
The Maryland State Department of Assessments and Taxation (SDAT) is encouraging residents whose real property has been damaged by the recent severe weather to contact the Department, as they may qualify to have their property assessments reduced.
Continue Reading
UPDATE: IRS Provides Transition Relief for Health Savings Account Plans in Maryland
Under Maryland law, effective January 1, 2018, 100% of the cost of male sterilization was to be provided by insurance companies without a deductible, which put health plans with high deductibles (HDHPs) at risk for disqualification under federal law. This conflict between state and federal law had the unforeseen consequence of invalidating Health Savings Accounts (HSAs) in Maryland. The IRS is aware of Maryland’s law, and the resulting complications.
Continue Reading
Maryland Law Jeopardizes the Benefits of Health Savings Account Plans in Maryland
Maryland law, effective January 1, 2018, requires Maryland health plans to cover 100% of the cost of male sterilization, which is in direct conflict with high deductible health plans (HDHPs). HDHPs have a higher annual deductible than typical health plans.
Continue Reading
