Maryland Retirement Income Form

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Retirement Income Form
2024 Maryland Form 502R Retirement IncomeMARYLAND
FORM

502R

2024

RETIREMENT INCOME

ATTACH TO YOUR FORM 502

Your First Name

Your Last Name

Your Social Security Number

Spouse's First Name

Spouse's Last Name

Spouse's Social Security Number

Part 2
Spouse's Age

Your Age
Part 3

Are you or your spouse totally and permanently disabled? (Check if Yes):
Part 4

You

Spouse

Retirement and Pension Benefits: Determine your source of retirement income and input the required information in the
appropriate areas below.

Source Description

Amount included in Federal Adjusted Gross Income
You Spouse

1. Retirement income received as a pension, annuity or endowment from an "employee
retirement system" qualified under Sections 401(a), 403 or 457(b) of the Internal
Revenue Code. Disability retirement pension or annuity included on Line 1z of federal form
1040. (Do not include a traditional, Roth, or SIMPLE individual retirement account or annuity
(IRA), a rollover IRA, a simplified employee plan (SEP), a Keogh plan, an ineligible deferred
compensation plan or foreign retirement income.). . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a.

2. An IRA under Section 408 (excluding Section 408(k)) of the Internal Revenue Code.
Examples include a SIMPLE IRA under Section 408(p) of the Internal Revenue Code
and a traditional IRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a.

5. A Roth IRA under Section 408A of the Internal Revenue Code.. . . . . . . . . . . . . . . . . . . 5a.

00
00
00
00

6. An ineligible deferred compensation plan under Section 457(f) of the Internal Revenue
Code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6a.
7. Other retirement income (for example, a Keogh Plan, also known as an HR-10),
including foreign retirement income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a.

3. An IRA consisting entirely of contributions rolled over from a defined benefit plan. . . . . . 3a.
4. A simplified employee pension (SEP) under Section 408(k) of the Internal Revenue Code. . 4a.

5b.

00
00
00
00

6b.

7b.

2b.
3b.
4b.

8. Total: Add the amounts in the above columns and enter here. (This line should
reflect the total amount of pension, disability pension, IRA and annuities included in
income on Lines 1z, 4b, and 5b of your federal Form 1040, and Line 8t of your federal Schedule 1) . . . . 8.
Part 5
9. Total benefits you received from Social Security and/or Railroad Retirement, Tier I and
Tier II (See Instructions for Part 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a.
10. Amount of military retirement (from code letter u on Form 502SU) and public safety
retirement (from code letter v on Form 502SU) income subtracted on Maryland Form 502. 10a.
Part 6

You

Spouse

00 9b.

00 10b.

00 11b.

00 12b.

If you claimed a Pension Exclusion on Line 10a of Maryland Form 502,
complete Part 6 using information from Worksheet 13A of the Maryland
Resident Income Tax Return Instructions.

11. Pension Exclusion (from Line 5 of Worksheet 13A). . . . . . . . . . . . . . . . . . . . . . . . . . . 11a.
Part 7

1b.

If you claimed the Retired Forest/Park/Wildlife Ranger (from Line 10b
on Form 502), complete Part 7 using information from Worksheet 13E
of the Maryland Resident Income Tax Return Instructions.

12. Retired Forest/Park/Wildlife Ranger pension exclusion (from Line 8 of Worksheet 13E) 12a.

COM/RAD-020

07/24

ATTACH TO YOUR FORM 502

The Maryland General Assembly enacted House Bill 1148 in the
2016 Session requiring the collection of information detailing
the amount of retirement income reported by an individual and/
or their spouse by source.
Complete Form 502R if you or your spouse were required to file a 2024
Form 502 AND:
1. Reported income from a pension, annuity or individual retirement account or annuity (IRA) on your federal income tax return (Lines 4b and 5b of federal Form 1040);

these amounts and enter on Line 8. This amount must equal
the sum of the retirement income reported on your federal
return (Lines 4b and 5b of federal Form 1040, and Line 8t
from federal Schedule 1).

DO NOT include any benefits received from Social Security
and/or Railroad Retirement, Tier I and Tier II, in Part 4.
Those benefits should be included on Line 9 of Part 5.

EXCEPTION: If you retired on disability and received a taxable disability retirement pension or annuity reported
to you on Form 1099R and you report the taxable income as
wages on Line 1 of federal Form 1040 until you reach minimum retirement age, include this amount of taxable income
on Line 1 of Part 4.

2. Received any income during the tax year (taxable or non-taxable)
from Social Security or Railroad Retirement (Tier I or Tier II);
3. Claimed a pension exclusion on Line 10a of Form 502; or
4. Claimed a pension exclusion on Line 10b of Form 502.

Part 5: Complete Part 5 if you or your spouse received Social Security or Railroad Retirement benefits (Tier I or Tier II). Enter
the gross amount of those benefits received during the tax
year (do not enter the taxable amount only) in the appropriate column.

An IRA consisting entirely of contributions rolled over from
a defined benefit plan

A simplified employee pension (SEP) under Section 408(k)
of the Internal Revenue Code

A Roth IRA under Section 408A of the Internal Revenue
Code

An ineligible deferred compensation plan under Section
457(f) of the Internal Revenue Code

Other taxable retirement income (for example, a
Keogh Plan, also known as an HR-10), including foreign
retirement income

Deferred compensation plan of a
state or local government or a tax
exempt organization - 457(b)

Thrift Savings

SIMPLE 401(k)

Also, see FAQs #2 on page iii Resident Booklet, and Line 10a. Instruction 13 Subtractions from Income.
COM/RAD-020

07/24

Other taxable retirement plans

Foreign retirement income

An IRA under Section 408 (excluding Section 408(k)) of
the Internal Revenue Code. Examples include a SIMPLE
IRA under Section 408(p) of the Internal Revenue Code
and a traditional IRA

Keogh retirement plans for selfemployed individuals (also known
as an HR-10 plan)

Retirement income received as a pension, annuity or
endowment from an "employee retirement system"
qualified under Sections 401(a), 403 or 457(b) of the
Internal Revenue Code. (Do not include a traditional,
Roth, rollover, or SIMPLE individual retirement account or
annuity (IRA), a simplified employee plan (SEP), a Keogh
plan, an ineligible deferred compensation plan or foreign
retirement income.)

401(k) Cash or Deferred
Arrangement

Pension, profit-sharing or stock
bonus plans - 401(a), 403,
403(b) or 457(b)

Part 4: Complete Part 4 if you or your spouse reported income from
a pension, annuity or individual retirement account or annuity
(IRA) on your federal income tax return (Lines 4b and 5b of
federal Form 1040, and Line 8t from federal Schedule 1). Add

Part 7: Complete Part 7 if you or your spouse claimed the Retired
Forest/Park/Wildlife Ranger pension exclusion (from Line 10b
on Form 502). Enter the amounts in the appropriate column
using the amounts calculated for each spouse on Line 8 of
the RETIRED FOREST/PARK/WILDLIFE RANGER PENSION
EXCLUSION COMPUTATION WORKSHEET (13E) which can be
found in the Maryland Resident Income Tax Return Instructions.

Ineligible Deferred Compensation
Plan 457(f)

Part 3: Check the appropriate box if you or your spouse were totally
and permanently disabled on the last day of the tax year.

Roth IRA - 408A

Part 2: Enter your age as of December 31, 2024. If you are filing a
joint Maryland return, also enter the age as of December 31,
2024 of your spouse.

Part 6: Complete Part 6 if you or your spouse claimed a pension
exclusion on Form 502. Enter the amounts in the appropriate
column using the amounts calculated for each spouse on Line
5 of the PENSION EXCLUSION COMPUTATION WORKSHEET
(13A) which can be found in the Maryland Resident Income
Tax Return Instructions.

Simplified Employee Pension 408(k)

PRINT OR ENTER ALL INFORMATION USING BLUE OR BLACK INK
Part 1: Enter your first name, middle initial, last name and Social
Security number exactly as entered on Form 502. If you are
filing a joint Maryland return, also enter the name and Social
Security number of your spouse.

Complete Part 5 if you received military retirement income
subtracted using code letter u on Form 502SU, or public
safety retirement income subtracted using code letter v on
Form 502SU.

Rollover IRA consisting entirely of
contributions from a defined benefit
plan

Note: For additional information regarding qualified plans pension
exclusion, see FAQs #2 on page iii Resident Booklet; and Line 10a.
Instruction 13 Subtractions from Income; and the below chart as well.

Traditional Individual Retirement
Account or Annuity (IRA)

Nonresidents are not required to complete and file the Form 502R.
Married individuals who filed Maryland returns with married filing
separate status should each complete a separate Form 502R.

SIMPLE Individual Retirement
Annuity - 408(b)

502R

2024

RETIREMENT INCOME
INSTRUCTIONS

SIMPLE Individual Retirement
Account - 408(p)

MARYLAND
FORM

X
X
X
X

Extracted from PDF file 2024-maryland-form-502r.pdf, last modified November 2024

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More about the Maryland Form 502R Individual Income Tax TY 2024

Form for reporting retirement income as per enacted House Bill 1148 by the Maryland General Assembly during the 2016 Session.

We last updated the Retirement Income Form in February 2025, so this is the latest version of Form 502R, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 502R directly from TaxFormFinder. You can print other Maryland tax forms here.

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Other Maryland Individual Income Tax Forms:

TaxFormFinder has an additional 41 Maryland income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form 502D	Maryland Personal Declaration of Estimated Income Tax (DISCONTINUED) Estimated
MW507P	Maryland Income Tax Withholding for Annuity, Sick Pay and Retirement Distributions
Form 502UP	Underpayment of Estimated Maryland Income Tax by Individuals Estimated
109-B	Change of Address Form for Businesses
109-I	Change of Address Form for Individuals

Download all MD tax forms View all 42 Maryland Income Tax Forms

Form Sources:

Maryland usually releases forms for the current tax year between January and April. We last updated Maryland Form 502R from the Comptroller of Maryland in February 2025.

Show Sources >

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Maryland Form 502R

We have a total of four past-year versions of Form 502R in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2024 Form 502R

2024 Maryland Form 502R Retirement Income

2023 Form 502R

Tax Year 2023 502R Retirement Income

2022 Form 502R

502R 121322 A

2021 Form 502R

TY-2021-502R

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