Maryland Income Tax Credit for Preceptors in Areas with Health Care Workforce Shortages
Maryland Income Tax Credit for Preceptors in Areas with Health Care Workforce Shortages is a state income tax credit for individuals who have served as preceptors in underserved areas of the Maryland. Eligible preceptors can receive a tax credit certificate of $1,000 for each student whom the applicant served as a preceptor without compensation.
Physicians and nurse practitioners who provide preceptorship without compensation in an organized system of clinical experience for the purpose of attaining specified learning objectives are eligible to participate.
Applicants must meet the following criteria:
- Be recognized as a preceptor by a liaison committee on a medical education accredited medical school or program recognized by the Board of Nursing
- Act as a preceptor for a minimum of three rotations each consisting of 160 hours (a total of 480 preceptor hours within a taxable year) for medical students and 100 hours (a total of 300 hours within a taxable year) for nurse practitioner students
- Have a practice location in a health care workforce shortage area
$1,000 tax credit per student. Total tax credit amount an individual preceptor may receive cannot exceed $10,000 for any taxable year.
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.