[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-303918-105":53,"doc-detail-303918-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","student-loan-debt-relief-tax-credit-frequently-asked-questions-faqs-tax-year-2023","Student Loan Debt Relief Tax Credit - Frequently Asked Questions (FAQs) - Tax Year 2023","","Student Loan Debt Relief Tax Credit Frequently Asked Questions explain how Maryland residents claim the credit on their state income tax return, including how refunds are calculated when the credit exceeds otherwise owed taxes. The FAQs cover potential application disqualifiers, federal tax treatment guidance, eligibility for specific loan types and parent plans, and the source of Maryland AGI from Form 502 line 16. It also details acceptable lender documentation, transcript requirements, and post-credit obligations to submit payment proof to MHEC within 3 years to avoid recapture by the Comptroller.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/student-loan-debt-relief-tax-credit-frequently-asked-questions-faqs-tax-year-2023/303918/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/student-loan-debt-relief-tax-credit-frequently-asked-questions-faqs-tax-year-2023/303918.png","ImageObject",442,249,{"name":88,"@type":89},"Riley West","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-01","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"How do I receive the tax credit?","Question",{"text":108,"@type":109},"Claim the tax credit on your Maryland income tax return when you file your Maryland taxes. If the credit exceeds the taxes you would otherwise owe, you receive a refund for the difference.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What application errors could cause disqualification?",{"text":113,"@type":109},"The most frequent disqualifying issue is incorrect lender documents.",{"name":115,"@type":106,"acceptedAnswer":116},"What are my responsibilities after receiving the tax credit?",{"text":117,"@type":109},"Submit proof of payment to MHEC showing the tax credit was used to pay down qualifying student loan debt(s). If proof is not provided within 3 years of the year claimed, the credit will be recaptured by the Maryland Comptroller and you will be responsible for those taxes in a later year.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},303918,1790243816,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},1099523885074,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","Student Loan Debt Relief Tax Credit  \nFrequently Asked Questions (FAQs)  \nQuestion: How do I receive the tax credit?  \nAnswer: The tax credit is claimed on your Maryland income tax return when you file your Maryland taxes. If the credit is more than the taxes you would otherwise owe, you will receive a tax refund for the difference. For example, if you owe $800 in taxes without the credit, and then claim a $1,000 Student Loan Debt Relief Tax Credit, you will get a $200 refund.  \nQuestion: What application errors could cause disqualification of my application?  \nAnswer: The most frequent error MHEC encounters is incorrect lender documents.  \nQuestion: Is the state tax credit taxable at the federal level?  \nAnswer: We recommend that you consult your tax professional regarding any federal tax implications of the credit.  \nQuestion: Are Parents PLUS Loan plans eligible for the tax credit?  \nAnswer: No. The debt must have been incurred by the applicant.  \nQuestion: Are Stafford loan balances eligible for the tax credit?  \nAnswer: Yes. Private student loans are eligible as long as they were incurred by the applicant.  \nQuestion: Where does the Maryland Adjusted Gross Income (AGI) figure come from and what if I am married filing jointly?  \nAnswer: The AGI comes from line 16 of Maryland Form 502, and you must include the full amount even if you are married filing jointly. Do not prorate it.  \nQuestion: What are some of the lender documents that are not sufficient?  \nAnswer: Form 1098-E is unacceptable. Lender documents that do not have the lender’s or borrower’s name pre-printed on them are not sufficient.  \nQuestion: Do I need a transcript from all the schools I graduated from?  \nAnswer: You need transcripts showing enrollment during the periods in which your graduate/undergraduate student loans were disbursed. Transcripts do not need to be official.  \nQuestion: What are my responsibilities after receiving the tax credit?  \nAnswer: Under Maryland law, you must submit proof of payment to MHEC, showing that you used the tax credit for the purpose of paying down your qualifying student loan debt(s) . If you do not provide this proof to MHEC within 3 years of the year you claimed the credit, the credit will be recaptured by the Maryland Comptroller, and you will be responsible for paying those taxes in a subsequent year.","cbCaihul57eefAdm","https://ap.wps.com/l/cbCaihul57eefAdm","pdf",93366,"English","# Frequently Asked Questions (FAQs)\n## Receiving the tax credit and refunds\n## Application eligibility and errors\n## Federal taxability and eligible loan plans\n## AGI source and documentation requirements\n## Transcript requirements\n## Responsibilities after receiving the tax credit","[{\"question\":\"How do I receive the tax credit?\",\"answer\":\"Claim the tax credit on your Maryland income tax return when you file your Maryland taxes. If the credit exceeds the taxes you would otherwise owe, you receive a refund for the difference.\"},{\"question\":\"What application errors could cause disqualification?\",\"answer\":\"The most frequent disqualifying issue is incorrect lender documents.\"},{\"question\":\"What are my responsibilities after receiving the tax credit?\",\"answer\":\"Submit proof of payment to MHEC showing the tax credit was used to pay down qualifying student loan debt(s). If proof is not provided within 3 years of the year claimed, the credit will be recaptured by the Maryland Comptroller and you will be responsible for those taxes in a later year.\"}]","Student Loan Debt Relief Tax Credit - Frequently Asked Questions (FAQs) - Tax Year 2023 | PDF",1789808319]