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Returning Member
posted Mar 4, 2021 10:03:01 AM

Maryland pension exclusion calculation

This is not a question but an information update for those using Turbotax file their Maryland state taxes.

The Maryland pension exclusion maximum amount used by Turbotax to calculate the pension exclusion amount is incorrect.

The correct maximum amount according to the Maryland form 502 Instructions and as used by the Maryland eFile application is $33,100.  Turbo tax is using $31,100.

I believe this is a VERY recent change in the tax law as a result of Covid relief legislation because I seem to remember checking the 502 Instructions previously and it did say $31,100.  When I checked today it now says $33,100.

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1 Replies
Returning Member
Mar 4, 2021 10:04:37 AM

Also, I could not find a way to notify Turbotax support of this issue so I hope they monitor the forum and pick up on it and make the correction.