Hurricane Harvey Tax Relief
Updated September 25, 2017
Victims of the flooding and storms in Texas now have additional time to file time-sensitive materials with the IRS. The designated disaster area covers the following counties:
Aransas, Austin, Batrop, Bee, Bexar, Brazoria, Burleson, Calhoun, Chambers, Colorado, Dallas, DeWitt, Fayette, Fort Bend, Galveston, Goliad, Gonzales, Grimes, Hardin, Harris, Jackson, Jasper, Jefferson, Karnes, Kleberg, Lavaca, Lee, Liberty, Madison, Matagorda, Montgomery, Newton, Nueces, Orange, Polk, Refugio, Sabine, San Jacinto, San Patricio, Tarrant, Travis, Tyler, Victoria, Walker, Waller, Washington, and Wharton
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Maryland Student Loan Debt Relief Tax Credit
There is great news for Maryland residents who have outstanding undergraduate student loan debt! The state is now offering, beginning with the 2017 tax year, a tax credit to individuals who are making eligible undergraduate education loan payments on loans obtained to earn an undergraduate degree (associate or bachelor’s) from an accredited college or university. Even better, this tax credit is refundable. The maximum credit amount rewarded will be $5,000 per year, and any amount of credit awarded to you must be used to pay your student loan debt within two years.
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The Value of Membership in Your Local Chamber of Commerce
Local chambers of commerce are organized for the express purpose of providing benefits to local businesses, from sole proprietors to international corporations. Their missions ordinarily include community involvement, legislative advocacy, providing business resources, and marketing. They typically have four basic ongoing committees: membership, legislative, networking events, and professional development, as well as various others depending on interest. Bormel, Grice and Huyett, P.A. has board representation with the Central Maryland Chamber of Commerce (formerly Baltimore/Washington Corridor Chamber), the Greater Bowie Chamber of Commerce, and participates with the Howard County and Hispanic Chambers. Read more to find out what chamber membership can do for you.
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