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wwkrebs
New Member

Is interest received from the IRS taxable on my Maryland income tax return?

I have a 1099 - INT from the IRS for interest on an overpayment. This is reportable on the 2018 1040. Is it reportable on my 2018 Maryland Resident Income Tax Return, Form 502? 

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Rachel_W
Expert Alumni

Is interest received from the IRS taxable on my Maryland income tax return?

Yes, interest received from the IRS is taxable on your Maryland Income Tax Return as well as your Federal Return.  

Interest paid to you by the IRS is treated just the same as interest paid to you by a bank.

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1 Reply
Rachel_W
Expert Alumni

Is interest received from the IRS taxable on my Maryland income tax return?

Yes, interest received from the IRS is taxable on your Maryland Income Tax Return as well as your Federal Return.  

Interest paid to you by the IRS is treated just the same as interest paid to you by a bank.

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