Maryland State Income Tax Credit Match - Work Opportunity Tax Credit

Maryland provides a nonrefundable state income tax credit equal to 50% of the federal Work Opportunity Tax Credit (WOTC) calculated using eligible Maryland employees. The federal WOTC incentivizes employers to hire individuals with barriers to employment, and this state match amplifies that benefit. The credit applies to taxable years beginning after December 31, 2021, but before January 1, 2029. There is no carry-forward provision — the credit must be taken on the current year's return....