Social Security benefits in Maryland
Varies
Is Social Security Taxed in Maryland?
Short answer: No. Maryland does not tax Social Security or Railroad Retirement benefits; the federally taxable amount is subtracted on Form 502. Social Security received reduces Maryland's separate pension exclusion for people 65 and older.
Federally, up to 85% of benefits can be taxable depending on your combined income (IRS Pub 915); that part doesn't change by state.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Social Security benefits in Maryland
Varies
Individuals / Personal Taxes
No. Maryland does not tax Social Security or Railroad Retirement benefits; the federally taxable amount is subtracted on Form 502. Social Security received reduces Maryland's separate pension exclusion for people 65 and older.
Business justification
No. Maryland does not tax Social Security or Railroad Retirement benefits; the federally taxable amount is subtracted on Form 502. Social Security received reduces Maryland's separate pension exclusion for people 65 and older. Federally, up to 85% of benefits can be taxable depending on your combined income (IRS Pub 915); that part doesn't change by state.
Category
- Personal Tax Deductions