Non-Maryland Income: bank interests

[zhikaining]

In 2022, I was living and working in TN from January tu August.

I moved to MD and have been working in MD since August.

I am ware that my W2 in TN is eligible to be excluded.

For interests of my bank accounts, are they partially excluded? Note that 1099-INT show MD in state tax since I changed my billing address to MD starting September.

Thanks.

[ErnieS0 · Accepted solution]

Yes. You can exclude non-Maryland bank interest from the part-year MD return. 

Part-year residents are only taxed on income earned or received while living in that state.

If you are a part-year Maryland resident, enter your non-Maryland income on the screen "Additional Info for Part-Year Residents."

• Enter your W-2 and interest from Tennessee in Non-Maryland Income

• Enter any Non-Maryland Losses and Adjustments in the other box, such as deductible IRA contributions.

[zhikaining]

Thank you for your expert opinion.

Therefore, should I use the moving date as cutoff, and go through all statements to calculate the interests that occurred before relocating to MD?

Thanks.

[ErnieS0]

Yes. Use your moving date as a cutoff to calculate your state interest.

[zhikaining]

Thank you for your answers. Your answer has been marked as the most useful answer.