The Comptroller of Maryland recently updated the "What's New for the 2018 Tax Filing Season" (2017 Tax Year) page on the Comptroller's website. This page tracks changes in Maryland's tax law. The following changes have been made:
- For tax year 2017, Calvert County has increased its rate to 3.00% and Somerset County has increased its rate to 3.2%. Please note the changes on 2017 Form 502D. For tax year 2018 Cecil County has increased its rate to 3.00%. Please note the changes on 2018 Form 502D.
- A new pension exclusion for qualifying retired law enforcement officer, or fire, rescue, or emergency services personnel has been created. A qualified individual may subtract up to $15,000. An individual may not claim both the subtraction and the standard pension exclusion.
To read the "What's New" page in whole, please follow the link.