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New Member
posted Mar 26, 2023 9:54:52 AM

TT not carrying pension amount to Maryland Form 502, line 1d and Form 502R, line 1

I entered taxable pension information on my federal taxes and TurboTax did not carry it over to these Maryland forms. These amounts do not factor into the calculations since Maryland uses the federal AGI amount, which includes taxable income from pensions, but the amounts still need to be entered on these Maryland forms.

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1 Replies
Expert Alumni
Mar 26, 2023 5:59:46 PM

TurboTax asks for verification of the Maryland pension amount to double-check, since not all pensions are excludable for Maryland income tax purposes. If it applied to everyone, TurboTax would make it an automatic transfer amount.

 

Per Comptroller of Maryland: If you are 65 or older or totally disabled (or your spouse is totally disabled), you may qualify for Maryland's maximum pension exclusion of $34,300* under the conditions described in Instruction 13 of the Maryland resident tax booklet. If you're eligible, you may be able to subtract some of your taxable pension and retirement annuity income from your federal adjusted gross income.