Though dedicated healthcare providers work to meet the varied healthcare needs of Marylanders every day, healthcare workforce shortages persist. The Income Tax Credit for Preceptors in Areas with Health Care Workforce Shortages Programs (Preceptor Tax Credit Programs) aims to improve the number of graduating healthcare professionals and support the recruitment and retention of the health professional workforce in Maryland. Through an annual application cycle, the Program authorizes a credit against the State income tax for individuals who served as an uncompensated preceptor in certain preceptorship programs in healthcare workforce shortage areas within the most recent tax year.
The Preceptor Tax Credit Programs are authorized via State law as follows:
The Maryland Department of Health (MDH) implements the Preceptor Tax Credit Programs according to the parameters outlined in Maryland State law.
Tax credits are issued based on applicant qualification and the availability of funding each tax year.
To request tax credits, preceptors must submit a complete application to the program during the open application cycle for the tax year for which they are served.
Credits can only be certified up to the funding amounts available each year.
Credits are not guaranteed.
It is vital and the responsibility of the applicant to track the submission of their application documentation to ensure on-time delivery of a complete and accurate application, including required validation documentation from academic institutions.
