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Maryland RELIEF Act 2021

Level 1

Maryland recently passed the RELIEF Act 2021 where State Income Tax Exemption for Unemployment Insurance (UI) Benefits for qualifying filers. Beginning with Tax Year 2020 and including Tax Year 2021, the Act exempts from the state income tax the UI benefits received by an individual earning less than $75,000, and couples filing jointly or individual heads of households earning less than $100,000. Taxpayers can claim the subtraction on their 2020 and 2021 Maryland State Tax Return. Will Proseries send an update to refund IU taxes to taxpayers?  How would preparer do this?

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5 Replies 5
Level 7

no details yet---we(preparers) may have to enter it as a subtraction or -- if intuit can get a program change before april 15th since we only started e-filing six days ago the subtraction might be automatic.  if not get out your maryland amended forms, looks like we will need them!!

Level 15

That's odd that nobody has asked about this yet 😉

This week's special - free amended tax returns to anybody bringing in a signed copy of the law providing tax breaks for unemployment.
Level 15

It was only signed yesterday. MD needs to update their forms and then Intuit has to update the program.


ex-AllStar
Level 11

@sjrcpa wrote:

It was only signed yesterday. MD needs to update their forms and then Intuit has to update the program.


But it's been hours already.  What else do they have to do?  I mean, aside from sending out 32,000 state relief payments...

Level 1

On the Maryland website it stated a new form for this and that the change would not be available until March 25.   Can we write in a subtraction or wait for the state and pro series to do their thing?  Seems safer to wait on Form 502__

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