St of Maryland - Governor Moore Signs MILITARY tax cut. LAW - MAY 2023

[moonpetty58]

QUESTION:  Military retiree subtraction .  I have include the military pension income on the pension worksheet .  No deduction is shown for T/P.(17,4800) This military veteran believes as a veteran he should receive some credit from an Pension exclusion worksheet.  In completing the worksheet, the balance is $00.00 credit.174800. 

Client believes there should be an exclusion from military income.  i  help

Client take a no to this summary due to Gov Wes 

Can a credit be claimed.  He is over 55 years of age.

[dascpa]

In Federal 1099-R worksheet make sure Code M is inserted in State Use Code box (to the right of 16-1).

[moonpetty58]

Thank you for your response, but I need information.  The 1099r does not allow for language in the block next to 16-1nfor for the worksheet does not allow for data entry.

[dascpa]

It does on mine.  Looking right at it.  State Use Code.

[sjrcpa]

If full pension is already excluded by the MD pension exclusion, he won't also get a military pension exclusion. Could that be the issue?