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blairnord
New Member

Why is my MD taxable income $64,000 less than my Federal taxable income?

 
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CarolynM
Level 1

Why is my MD taxable income $64,000 less than my Federal taxable income?

MD offers numbers exclusions to income tax. 

It is a very favorable state for veterans and members of the military. The state also does not tax Social Security and other retirement income. 

For more information about MD taxes, follow this link:  MD Income Exclusions

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1 Reply
CarolynM
Level 1

Why is my MD taxable income $64,000 less than my Federal taxable income?

MD offers numbers exclusions to income tax. 

It is a very favorable state for veterans and members of the military. The state also does not tax Social Security and other retirement income. 

For more information about MD taxes, follow this link:  MD Income Exclusions

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