HB 100 Retirement Pension Subtraction Modification
On April 18, 2017 the Governor signed HB100.
This bill gives retired officer’s 55 or older that live in Maryland a pension income tax subtraction modification in the amount of $15,000. We have provided helpful links below for those who are interested. If the pension is for an officer or spouse that is totally disabled or is over 65, this does not apply as you are eligible for the higher deduction (up to $29,400 for tax year 2016)
The next General Membership Meeting will be Tuesday July 14, at 12pm, at Lodge 112.