turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Does the turbotax tool deduct qualified income for maryland senior citizens

My understanding is that there is a 29,400 cap.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
TerryA
Intuit Alumni

Does the turbotax tool deduct qualified income for maryland senior citizens

Yes, it computes the pension exclusion for you automatically, and yes, that is the maximum $$ exclusion. It is reduced by the amount of your social security benefits received, though.

View solution in original post

1 Reply
TerryA
Intuit Alumni

Does the turbotax tool deduct qualified income for maryland senior citizens

Yes, it computes the pension exclusion for you automatically, and yes, that is the maximum $$ exclusion. It is reduced by the amount of your social security benefits received, though.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question