Income Tax – Subtraction Modification – Retirement Income
Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years or who are disabled or whose spouse is disabled; altering the maximum amount of the subtraction modification beginning in taxable year 2022; providing that income included in certain subtraction modifications may not be taken into account for purposes of the subtraction modification for retirement income; etc.
July 13, 2022