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Maryland Governor Signs Bills for Veterans

May 17th, 2023 by WCBC Radio

Maryland Governor Wes Moore brought relief to state veterans on Friday with the signing of several bills designed to lighten their tax load, provide for spousal/dependent burial, and set up a checkbox on tax returns for donations to a Maryland Veterans Trust Fund. The military retirement tax exemption will be increased from $5,000 to $12,500 for individuals under the age of 55 and from $15,000 to $20,000 for individuals over the age of 55.