Marylanders with student loans can get up to $5,000 in relief by applying for the Student Loan Debt Relief Tax Credit for the 2025 tax season.
Borrowers can apply for the tax credit through the Maryland Higher Education Commission through September 15. Most taxpayers who apply will get an average of $1,800, according to Director of Communications for the MHEC Kristin Clarkson.
To be eligible, you must be a Maryland taxpayer who has incurred at least $20,000 in undergraduate and/or graduate student loan debt and have at least $5,000 in outstanding debt at the time of applying for the tax credit.
The program has been around since 2017. A total of $9 million has been allocated by the Maryland General Assembly for the 2025 tax year,…