Maryland Pension Exclusion 2025. If you are 65 or older or totally disabled (or your spouse is totally disabled), you may be able to subtract some of your taxable pension and. Retirees can exclude up to $36,200 of their pension income from their taxable income.
Yes, turbotax will calculate what portion, if any, of your pension is not subject to md tax. The department of treasury estimates that approximately 870,000 maryland taxpayers may meet the eligibility requirements to use direct file.