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How do I claim the Maryland hometown heroes tax credit?
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To take advantage of the Maryland Hometown Heros Act tax break, you must include Form 502SU, Subtractions From Income, when completing your Maryland tax return. This form will be available in TurboTax on January 26, 2018.
The first $15,000 of Retirement Income for first responders and emergency personnel at least 55 years old will not be subject to state tax. This includes law enforcement officers or fire, rescue, or emergency services personnel (emergency medical technicians and paramedics) of the United States, the State, or a political subdivision of the State. Beneficiaries are not eligible for this exclusion.
For 2018: The Hometown Heroes Act of 2018 will expand the previous law to include correctional officers. Also, the bill will exempt ALL retirement income received from these occupations from state income taxes.
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