Maryland Retirement Tax Calculators

These free calculators help Maryland residents estimate two of the state’s most valuable retirement tax benefits: the pension exclusion (which can shelter up to $41,200 of qualifying retirement income from state tax) and the senior tax credit (a direct credit worth up to $1,750 against your Maryland state tax bill).

Both benefits have specific eligibility rules and interact with each other — and with your Social Security income — in ways that create real planning opportunities. Enter your numbers below to see exactly where you stand for tax year 2025.

Calculators on This Page

Maryland Pension Exclusion Calculator

Use this calculator to determine your Maryland pension exclusion for tax year 2025. Enter your qualifying pension income from 401(k), 403(b), 457(b), or defined benefit plans and your gross Social Security benefits from SSA-1099 Box 5 to calculate how much retirement income you can exclude from Maryland state tax. The maximum exclusion of $41,200 is reduced dollar-for-dollar by your total Social Security and Railroad Retirement benefits.

The pension exclusion applies only to distributions from qualified employer retirement plans — not IRAs. To qualify, you must be age 65 or older, or totally disabled, by December 31 of the tax year.

Pension Exclusion Computation Worksheet (13A)

Tax Year 2025 • Maximum Exclusion: $41,200

Your Information
Line 2: Maximum Exclusion$41,200
Line 4: Tentative Exclusion$0
Line 5: Your Pension Exclusion$0
Your Maryland Pension Exclusion
$0
Important: Enter your gross Social Security benefits — the full amount from SSA-1099 Box 5 — not just the portion taxed on your federal return. The exclusion is reduced dollar-for-dollar by your total Social Security and Railroad Retirement income. If your gross SS/RR benefits equal or exceed $41,200, your pension exclusion is zero.
This calculator is for informational purposes only, is not to be relied upon for the calculation results, and does not constitute tax advice. Verify eligibility (age 65+ or totally disabled) and all calculations before claiming.
© RCS Financial Planning
Want the full picture? Read our complete guide: Maryland Senior Tax Credit: How to Save Up to $1,750 on Your State Taxes — covers how the pension exclusion, senior tax credit, and Social Security exemption work together, including the costly 401(k)-to-IRA rollover mistake and FAGI management strategies.

Maryland Senior Tax Credit Calculator

Use this calculator to check your eligibility for the Maryland senior tax credit and determine your credit amount for tax year 2025. The credit is worth up to $1,750 for Maryland residents age 65 or older whose federal adjusted gross income (FAGI) does not exceed $100,000 (single) or $150,000 (married filing jointly). It is a nonrefundable credit claimed on Form 502CR, Part M.

Unlike the pension exclusion, the senior tax credit is not affected by your Social Security income and does not require any retirement income — it is based entirely on your age, residency, and FAGI.

Senior Tax Credit Eligibility Check

Tax Year 2025 • Form 502CR, Part M

1
Maryland resident — you must be a Maryland resident
2
Age requirement — at least one filer must be 65 or older
3
Income limit — FAGI must not exceed the threshold for your filing status
Complete the fields above
—
How it works: The senior tax credit is a nonrefundable credit against your Maryland state income tax (it cannot reduce your tax below zero or generate a refund). It is claimed on Part M of Form 502CR and flows to Part AA, Line 14, then to Form 502, Line 24. The credit is separate from — and in addition to — the pension exclusion and the extra $1,000 personal exemption for being age 65+.
Budget safeguard: If Maryland’s September General Fund estimate falls more than 7.5% below the March estimate for the current fiscal year, the Comptroller may reduce the credit amount for that tax year.
This calculator is for informational purposes only, is not to be relied upon for the calculation results, and does not constitute tax advice. Verify all eligibility requirements and calculations before claiming.
© RCS Financial Planning
Learn the strategies: Read our complete guide: Maryland Senior Tax Credit: How to Save Up to $1,750 on Your State Taxes — covers FAGI management near the $100,000/$150,000 thresholds, Roth conversion timing, Medicare IRMAA coordination, and common mistakes that cost Maryland seniors thousands.

Not Sure How These Benefits Fit Your Situation?

The pension exclusion, senior tax credit, and Social Security exemption interact in ways that create real planning opportunities — and real mistakes. A 30-minute introductory call can help you understand how your specific income sources, account types, and filing status affect your Maryland tax picture.

Schedule Your Intro Call