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Archive for the ‘ News ’ Category

2018 Student Loan Debt Relief Tax Credit – APPLICATION DEADLINE 9/15/18

Tuesday, August 21st, 2018

On August 20, 2018, the Maryland Higher Education Commission (MHEC) Secretary, Dr. James D. Fields, announced that applications for the 2018 Student Loan Debt Relief Tax Credit Program (hereinafter referred to as the “Relief Program”) are now being accepted. The… Read More

Three Thomas & Libowitz, P.A. attorneys named to 2019 Best Lawyers list

Wednesday, August 15th, 2018

We are pleased to announce that three lawyers have been included in the 2019 Edition of The Best Lawyers in America. The following attorneys have been listed: Francis R. Laws – Employment Law – Management, Litigation – Labor and Employment… Read More

Maryland Minimum Wage Goes up on Sunday, July 1, 2018. Make sure your business is prepared.

Thursday, June 28th, 2018

Maryland’s minimum wage will increase effective this Sunday, July 1, 2018. For employers in all counties except Prince George’s and Montgomery, the new minimum wage will be $10.10 per hour, up from the $9.25 that has been in effect since… Read More

Counsel Derrick Wang’s music and lyrics featured on album ‘Notorious RBG in Song’

Friday, June 8th, 2018

Derrick Wang, Counsel at Thomas & Libowitz, P.A., is a featured composer and lyricist on Cedille Records’ new album Notorious RBG in Song. The album, released on June 8, 2018, celebrates U.S. Supreme Court Justice Ruth Bader Ginsburg’s 25 years… Read More

Counsel Derrick Wang is currently featured in the Spring 2018 issue of Paradigm magazine.

Tuesday, May 1st, 2018

       

Federal Estate Exemption now $11.2M, Maryland’s to be $5.0M in 2019 – How to keep new estate tax exemption laws from endangering your wills and trusts

Tuesday, April 17th, 2018

Now that the federal estate exemption is $11.2M per person and the Maryland Legislature has passed a new $5.0M per person estate exemption,* do you really need to worry about visiting your lawyer to make any revisions to your will… Read More

FYI, a sign of things to come? Contemplating HB308, Maryland Estate Tax – Unified Credit, the $5.0MM exemption equivalent and Maryland portability amendments.

Tuesday, March 13th, 2018

Please see House Bill 308, Maryland Estate Tax – Unified Credit, showing the $5.0MM exemption equivalent and Maryland portability amendments that were adopted by the House. We anticipate that the Senate will adopt the same amendments.  

Good News: year-end tax legislation increases the 2018 contribution limits for cash gifts to public charities and private foundations.

Friday, January 19th, 2018

Generally, income tax deductions for charitable gifts remained unchanged under the new tax law.  There was one notable positive twist for charity.  The recently passed tax act allows for an increase in deductibility for gifts of cash (and only cash)… Read More

Proposed legislation would bring stability to a spouse’s equitable rights under the Maryland elective share rules.

Thursday, January 18th, 2018

Aesop’s fables might tell the stories this way: Once there was a fellow who married a wonderful woman; they had children and a nice life.  They lived at #2 Elm Street.  Eventually his care for her turned to disdain.  He… Read More

Paid Sick Leave in Maryland – General Assembly passes Maryland Healthy Working Families Act

Tuesday, January 16th, 2018

Last week, the Maryland General Assembly passed the Maryland Healthy Working Families Act, voting to override Gov. Hogan’s May 2017 vetoes of the House and Senate sick leave bills. Under the Act, Maryland businesses with 15 or more employees are… Read More