HB100 Retirement Pension Tax Subtraction Modification

Due to several requests we are putting this information out again and giving you the ability to read the law.  On April 18, 2017 the Governor signed HB100.

This bill gives retired officer's 55 or older that live in Maryland a pension income tax subtraction modification in the amount of $15,000.  We have provided helpful links below for those that are interested in seeing it in writing.  If the pension is for an officer or spouse that is totally disabled or is over 65 this does not apply as you are eligible for the higher deduction (up to $29,400 for tax year 2016)

2017   HB100

Instructions for totally disabled or 65 or over

Worksheet for totally disabled or 65 or over

 

Comments are closed.