turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts Retirement/Life Events! >> Event happening TOMORROW!!!
Close icon
Do you have a TurboTax Online account?

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

Tee21
New Member

Public Service Loan forgiveness- Maryland state tax Return

Do I have to report my Public Service Loan forgiveness on my Maryland state tax ? Please note that this is very different and separate from the Maryland Student Loan Debt Relief Tax Credit (specific to Maryland only) which one has to pre apply for with the state of Maryland.   I do not qualify for this. 

 

My concern is the PSLF that everyone is getting nationwide after serving 10 years in public service and making 120 payments.  This discharge is tax free.  But do I need to report this to the state of Maryland and if so, how do I go about it? There is nothing on my tax return that applies to it. The only thing that comes close, is the discharge for those who are completely disable or have passed away.   

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 Reply
Vanessa A
Expert Alumni

Public Service Loan forgiveness- Maryland state tax Return

No, this is not taxable income and does not need to be reported on your tax return.  Simply do not enter anything on your return regarding this loan. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies