Income Tax - Subtraction Modification for Military Retirement Income (Keep Our Heroes Home Act)

Summary

The bill raises the amount of military retirement income that can be subtracted from a Maryland resident’s taxable income. Starting with the 2026 tax year the deduction is $25,000, and from the 2027 tax year onward it rises to $40,000, regardless of the retiree’s age. The change is intended to give greater tax relief to veterans and active‑duty retirees living in Maryland.

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

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