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Tax exempt Income
Until 2024, turbotax automatically transferred my taxexempt income from my Federal Return to my State (Maryland) return. However, in 2024 and 2025 it appears that I have to enter this information manually on my state return. Is this correct?
Also, when I click on"learn more" regarding federally exempt taxes, I get the following information:
"Generally, foreign earned income that is excluded from your federal adjusted gross income should be added back to your Maryland income if Maryland is your permanent home."
My tax exempt income is from US municiple bonds, not foreign earned income. Does income from US municipal bonds need to be added?
Sunday