Monday, June 9, 2014

The Potential Impact of Maryland v. Wayne

The Supreme Court is gearing up to hear arguments in the much talked about Maryland v. Wayne case. The case all has to do with Maryland’s tax laws, which allow residents to deduct income taxes they’ve paid in other states on their income tax forms. However, the deduction cannot be applied to income tax collected by various counties and municipalities in the state.  


The Maryland Court of Appeals found it unconstitutional for the state to provide credit for state income tax but not for county income tax. Now, it’s up to the Supreme Court as to whether or not it wishes to uphold that ruling.

Experts are speculating that, if the ruling is upheld, tax laws around the country could change, with more states being forced to follow in Maryland’s forced footsteps.


Cases like this one just go to show that tax laws are always changing. You can be prepared for whatever changes are thrown your way by having an in-the-know tax advisor to count on. You can find a trustworthy Naperville tax advisor through Susan S. Lewis, Ltd.

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