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Maryland Form 502 incorrectly handling tax-free dividends
There is bug in the Maryland tax calculation.
In the federal interview, you can enter tax-free dividends and specify if those dividends are tax free for a specific state or multiple states. Regardless of the state indicator selected, the dividends are incorrectly treated as tax-free in Maryland form 502 Additions to Income line 2. This understates Maryland tax liability.
‎February 23, 2025
11:25 AM