Income Tax - Subtraction Modification for Public Safety Retirement Income - Amount

Summary

Maryland will raise the amount of retirement income that public‑safety workers can subtract from their state taxable income, moving from $15,000 now to $20,000 by 2029. The increase is phased in each year and applies to retirees who are at least 55 and receive pension income from a public‑safety employment. This change reduces tax liability for those retirees.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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