Gov. Moore highlights tax break proposal for military retirees

01/27/2023 8

ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore wants to expand state tax relief for military retirees.

The governor highlighted the “Keep Our Heroes Home Act” in his legislative agenda during a roundtable with veterans on Thursday. It calls for expanding the military tax exemption to $25,000 of income in tax year 2023 and $40,000 in tax year 2024. Now, the state allows any individual receiving military retirement, including surviving spouses, to deduct the first $5,000 from their taxable income if they are under 55 and $15,000 if they are 55 or older.

The governor’s proposal expands the amount and eliminates the age distinction.

Written by: Editor

MD Governor Wes Moore State of Maryland

Rate it

Artist

Senators grill Ticketmaster after Taylor Swift fiasco

Senators grilled Ticketmaster this week about its spectacular breakdown last year during a sale of Taylor Swift concert tickets. Republicans and Democrats on the Senate Judiciary Committee debated possible action Tuesday, including making tickets non-transferable to cut down on scalping and requiring more transparency in ticket fees. Some suggested it may also be necessary to split Ticketmaster and concert promoter Live Nation, which merged in 2010. Ticketmaster is the world's […]

01/26/2023 8