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Anonymous
Not applicable

TurboTax calculating Maryland retirement income incorrectly?

I think TurboTax is incorrectly calculating my Maryland taxes due to retirement and pension exclusions. The program is saying I owe over $1500 in taxes, but Maryland doesn't tax Social Security and excludes part of pension income. It doesn't look like there is any way to check this on the form before filing. I'm certainly not going to pay for TurboTax if it isn't calculating my taxes correctly, but it looks like the only way to see your complete tax return is to pay for it..

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2 Replies
ThomasM125
Expert Alumni

TurboTax calculating Maryland retirement income incorrectly?

You can see a summary of your state return while working in TurboTax. While working on your state return in TurboTax, follow these steps: 

  1. Click on the Tax Tools menu option on your left menu bar
  2. Click on Tools
  3. Choose the View Tax Summary option 

To see a summary of your state tax return, make sure you are in the state section when you follow the steps.

 

You can print out a copy of your return after you pay for it, but before you file it. TurboTax guarantees the accuracy of your tax return, so if you entered your information properly, your return should be accurate.

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Neuman54
New Member

TurboTax calculating Maryland retirement income incorrectly?

Thanks for the response.  I couldn't understand why my Maryland refund declined when I entered our Social Security benefits until you pointed out the Maryland pension exclusion.  I forgot that SSA benefits reduce the exclusion amount.  In the past, this didn't matter since I didn't approach the max for 401K payments.  In 2021 we converted some that money to a Roth which made the Maryland max pension exclusion come into play.  Now I get it. 

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