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jwittman77
June 3, 2019
Question

Maryland Military Retirement is now a $15,000.00 deduction versus $5,000.00. I cannot update form 502R because it still shows $5,000.00. How can I update to $15,000.00.

  • June 3, 2019
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    1 reply

    B
    BillM223
    June 3, 2019

    You must be at least 55 years of age by the last day of the tax year (2018) in order to qualify for the $15,000 subtraction from Maryland taxable income. Otherwise, you qualify for the $5,000 subtraction.

    TurboTax will choose the correct amount based on your age.

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