Part I of this worksheet is used to calculate federal itemized deductions that would have existed but for the 2013 federal legislation. . TO DETERMINE IF YOU ARE REQUIRED TO FILE A MARYLAND RETURN, MINIMUM FILING LEVELS FOR TAXPAYERS UNDER 65, Single person (including dependent taxpayers). In the case of a joint return, Maryland applies the same rules for these taxpayers as does the IRS. NEIGHBORHOOD STABILIZATION TAX CREDIT. Businesses may claim a credit for the cost of providing qualifying commuter benefits to the business entities' employees. No refunds of less than $1.00 will be sent. Start a free trial now to save yourself time and money! For current year returns, allow at least six weeks. See Administrative Release 38. Multiply the taxable net income by your local tax rate from the LOCAL TAX RATE CHART for the county in which you were a resident on the last day of the tax year. The Maryland Form 502 instructions and the most commonly filed individual income tax forms are listed below on this page. Your return must show all income reported on your federal return, regardless of when or where earned. ENTER your federal earned income credit ______ x 25% (.25) (Part-year residents see Instruction 26(o)). Printable Maryland state tax forms for the 2020 tax year will be based on income earned between January 1, 2020 through December 31, 2020. If you choose to use the standard deduction method, use STANDARD DEDUCTION WORKSHEET (16A) in Instruction 16. The name and title of any person, other than the surviving spouse, filing the return should be clearly noted on the form. Enter the name of the country in the "State" box. LOCAL income tax (Multiply line 1 by line 2.) Instead, use the tax tables if your income is under $100,000; otherwise, use the appropriate row in the MARYLAND TAX COMPUTATION WORKSHEET SCHEDULES (17A) at the end of the tax tables to figure your tax. IRS Publication 525 provides additional information on taxable and nontaxable income. Unreimbursed vehicle travel expenses for: r. The account number can be up to 17 characters (both numbers and letters). Businesses may claim a credit for certain qualified research and development expenses. Form MW507 Employee's Maryland Withholding Exemption Certificate Form 502AE Maryland Subtraction for Income Derived within an Arts and Entertainment District Form 129 Request for Copy of Tax Form Write your taxes paid and credits on lines 39-42 of Form 502 or lines 16 and 17 of Form 503. 5. Place your check or money order on top of your wage and tax statements and fasten with one staple on the front of your tax return. Note: . (Part-year residents or members of the military, see Instruction 26(o)), 1. Attach statement. For each "dependent under age 19", please also check () either the yes or no box to indicate whether or not that child currently has health insurance. 1. STATE POVERTY LEVEL CREDIT WORKSHEET (18B). Form COF-85 Instructions and Form: Form to be filled out by organizations not filing form 990 or 990-EZ: Initial Registration Instructions and Form (COR-92) Application to register for the first time with this office as a charitable organization to solicit charitable contributions in Maryland. By accessing this site you agree to our terms and conditions. Businesses and individuals may claim a credit of up to 10% of the qualified research and development expenses incurred in Maryland for technology that is used to develop cellulosic biomass for conversion to ethanol fuel. . "Attributable exclusively" means that the individual is solely responsible for the payment of an expense claimed as an itemized deduction, including compliance with a valid court order or separation agreement; or the individual jointly responsible for the payment of an expense claimed as an itemized deduction can demonstrate payment of the full amount of the deduction with funds that are not attributable in whole or in part, to the other jointly responsible individual. kk. ESTIMATED TAX PAYMENTS. 4. You must use the tax tables if your taxable income is less than $100,000. If your child was born and died in this tax year and you do not have a SSN for the child, complete just the name and relationship of the dependent and enter code 322, in one of the code number boxes located to the right of the telephone number area on page 2 of the form; attach a copy of the child's death certificate to your return. Attachment Sequence Numbers: If less than zero (0) enter zero (0). mm. TWO-INCOME SUBTRACTION. If you indicate that this is the case, do not enter your routing and account numbers, as the direct deposit option is not available to you. . Businesses that contribute to approved Neighborhood and Community Assistance Programs may be eligible for a tax credit of 50% of approved contributions with a maximum credit of $250,000. Income exempt from federal tax by federal law or treaty that is not exempt from Maryland tax. Payments from a pension system to firemen and policemen for job related injuries or disabilities (but not more than the amount of such payments included in your total income). Do not enter words such as "none" or "zero" and do not draw a line to indicate no entry. Line 7a of Form 503. k. Note: See Administrative Releases 10 & 13. bb. OTHER INCOME TAX CREDITS FOR INDIVIDUALS. If this applies to you and you were physically present in the state for 183 days or more, you must file a full-year resident return. c. QUALITY TEACHER INCENTIVE CREDIT. Complete the SUBTRACTIONS FROM INCOME area using Instruction 13. 2. Fiscal year returns are due on the 15th day of the 4th month following the close of the fiscal year. Use Pub. To comply with banking rules, we ask you to indicate on your return if the state refund is going to an account outside the United States. ab. If the amount is greater than zero (0), enter this amount as a subtraction on line hh of Form 502SU. FEDERALLY TAXED SOCIAL SECURITY AND RAILROAD RETIREMENT BENEFITS. The Maryland return must be completed in accordance with the alternative method requested. Then complete Form 502CR Parts A and H and attach to Form 502 or 504. The maximum allowable exclusion is $27,800. . See Instruction 12. If you need to change a return that you have already filed, or if the IRS changes your return, you must file an amended return. Instructions for each line: Line 2. If you were eligible for a Child and Dependent Care Credit on your federal income tax return and your income is below certain thresholds, you are entitled to a tax credit equal to a percentage of the federal credit. Same as above, may subtract up to $15,000 in military pay earned outside U.S. boundaries or possessions, depending upon total military income. These may include the following: 500DM, 502CR, 502TP, 502UP, 502V, 502S and 502SU. You do not qualify for this credit. Do not include adjustments to income for Educator Expenses or Student Loan Interest deduction. SUBTRACT line 4 from line 1. Printable State MD Form 502 and MD Form 502 Instructions. Enter the amount from line 1 or 2, whichever is larger Compare lines 3 and 4. $ 22,400 Married persons filing separately, age 65 or over. The factor cannot exceed 1 (100%) and cannot be less than zero (0%). . $ 3,900 If you have entered amounts for contributions to multiple funds, any reduction will be applied proportionately. This credit is the amount by which 25% of your federal earned income credit exceeds your Maryland tax liability. . . Per Maryland Form 502 Instructions, on page 4: 7. You may look at any records held by the Revenue Administration Division which contain personal information about you. n. ONE MARYLAND ECONOMIC DEVELOPMENT TAX CREDIT. Then cash the check; do not return it. All items reported on your Maryland return are subject to verification, audit and revision by the Maryland State Comptroller's Office. This is the signature part of the form and all business entities must complete this section. IRC SECTION 1341 REPAYMENT. 3. Married taxpayers with different tax periods filing a joint Maryland return should enter a "D" in the box, follow the remainder of this instruction and write "different tax periods" in the dates of residence area. (If you are a part-year resident, enter the amount to be reported on line 19 before it is prorated.). Sign the form and attach withholding statements (all W-2 and 1099 forms) showing Maryland and local tax withheld equal to the withholding you are claiming. e. BUSINESSES THAT CREATE NEW JOBS TAX CREDIT. If an individual required to file an income tax return dies, the final income tax return shall be filed: If the spouse of the deceased taxpayer filed a joint federal return with the decedent, generally a joint Maryland return must be filed. Print all Maryland state tax forms at 100%, actual size, without any scaling. Enter code 300 if you are a farmer or fisherman, 301 if your income was received unevenly throughout the year, or 302 if 90% of your taxable income is taxable by another state and the underpayment is not greater than the local tax. However, if he began to receive his pension on February 1, Pat would prorate his pension by 10/11. See our Web site at www.marylandtaxes.com to obtain a Form 588. . Line 5 To qualify, you must have been a member of an active or reserve component of the armed forces of the United States, an active duty member of the commissioned corps of the Public Health Service, the National Oceanic and Atmospheric Administration, or the Coast and Geodetic Survey, a member of the Maryland National Guard, or the member's surviving spouse or ex-spouse. ELECTRONIC AND PC FILING, MAILING AND PAYMENT INSTRUCTIONS, DEADLINES AND EXTENSION. Decide whether you will use Form 502 (long form) or Form 503 (short form). Net operating loss deduction to the extent of a double benefit. Line 3. Line 3. You are not required to itemize deductions on your Maryland return simply because you itemized on your federal return. p. MILITARY OVERSEAS INCOME WORKSHEET (13B). Overpayments may first be applied to previous years' tax liabilities or other debts as required by federal or state law. Line 12. . Fill out, securely sign, print or email your maryland state tax form 502 2017-2020 instantly with SignNow. . of Maryland to disclose to their bank and to National Automated . If you repaid an amount this year reported as income on a prior year federal tax return that was greater than $3,000, you may be eligible for an IRC Section 1341 repayment credit. . If you both file and pay electronically, your return is due April 15th. . . It is important that you enter each Social Security Number in the space provided. If you must pay interest for underpayment of estimated tax, enter the amount of interest from line 18 of Form 502UP on line 48. You must file Form 500CR electronically to claim a business income tax credit. If the amount is zero (0) or less, you are not eligible for this subtraction. . Enter code 321 in one of the code number boxes located to the right of the telephone number area. The total amount of itemized deductions for both spouses cannot exceed the itemized deductions on the federal return. See Form 500DM. Joint Return. 4. b. MARYLAND DISABILITY EMPLOYMENT TAX CREDIT. . You must also use this form if you have moved into or out of Maryland during the tax year. SUSTAINABLE COMMUNITIES TAX CREDIT. you made quarterly payments during the year that equal 90% of this year's tax. Net taxable pension and retirement annuity included in your federal adjusted gross income (Do not include Social Security or Railroad Retirement), 3. If the IRS makes any changes to your federal return, you must notify the State of Maryland. . See instructions below. The name and title of the person filing the return should be clearly noted on the form. OYSTER SHELL RECYCLING TAX CREDIT. caution! Baltimore City Residents: Leave the Maryland County box blank. Misc. Complete and attach Form 502CR with Form 502. a. FIRST YEAR LEASING COSTS TAX CREDIT FOR A QUALIFIED SMALL BUSINESS. See instructions for Form 502CR. The instructions in this booklet are designed specifically for filers of paper returns. Your permanent home is outside of Maryland, but you maintained a place of abode (a place to live) in Maryland for more than six months of the tax year. Line 16 is your Maryland adjusted gross income. . i. Line 4: SUBTRACT amount on line 3 from amount reported on line 2. . u. www.marylandtaxes Attach a copy of federal Form 1310. Copy the total of your wages, salaries and tips from your federal return onto line 1a of Form 502 or Form 503. Benefits received from a Keogh plan on which State income tax was paid prior to 1967. Amount added to taxable income for the use of an official vehicle by a member of a state, county or local police or fire department. m. MARYLAND-MINED COAL TAX CREDIT. The name and title of the person filing the return should be clearly noted on the form. That amount already excludes the $10,200. If you are a part-year resident, see Instruction 26. The standard deduction must be prorated using the Maryland income factor. If you are filing a joint return and both spouses received Social Security and/or Railroad Retirement benefits but only one spouse received a pension, enter only the Social Security and/or Railroad Retirement benefits of the spouse receiving the pension on the worksheet. However, you will have until April 30th to make your electronic payment. This is your subtraction from income. Box 1829, Annapolis, MD 21404-1829. . If line 3 is greater than zero (0), you may qualify for the Poverty Level Credit. SUBTRACT line 2 from line 1. Enter the prorated amount on line 17 of Form 502 and check the ITEMIZED DEDUCTION METHOD box. Calculate the standard deduction using a worksheet in Instruction 16. See Form 502UP for additional information and instructions for claiming this exemption from interest. Place a "P" in the box and show the dates of residence in Maryland. Another method of allocating itemized deductions may be allowed. S corporation taxes included on line 8 of Maryland Form 502CR, Part A, Tax Credits for Income Taxes Paid to Other States. An individual or business may claim a credit in an amount of $1 for each bushel of oyster shells recycled during the taxable year with a maximum credit of $750. This is your local income tax. REFUNDABLE EARNED INCOME CREDIT WORKSHEET (21A). Value of farm products you donated to a gleaning cooperative as certified by the Maryland Department of Agriculture. Enter the total of your salary, wages, tips and other employee compensation and net profit from self-employment here, and on line 1b of Form 502 or 503, if line 1b is currently blank. Enter the result on line 17b. Complete and attach Form 500DM. If you have previously submitted a physician's certification, attach your own statement that you are still totally disabled and that a physician's certification was submitted before. Complete the STATE POVERTY LEVEL CREDIT WORKSHEET (18B) to calculate the amount to enter on line 24 of Form 502 or line 7b of Form 503. We last updated Maryland Form 502 in February 2021 from the Maryland Comptroller of Maryland. For more information, please visit Local earned income credit. .$ 12,850 Additional exemptions are allowed for age and blindness for Maryland purposes which will be computed in this area. Any other forms, documents or certifications should be placed last. You cannot subtract income from Government National Mortgage Association securities. . . www.marylandtaxes.com . See code letter u in Instruction 13. If you and your spouse both qualify for the pension exclusion, combine your allowable exclusions and enter the total amount on line 10, Form 502. . Free internet filing is available for Maryland income tax returns. All other married couples who filed joint federal returns, 1. Enter your telephone numbers and sign and date your return. Use Form 502X to file an amended return and include a copy of your federal return. Copy onto line 8 the amount of refunds of state or local income tax included in line 1 of Form 502. from which no tax or not enough Maryland tax will be withheld. November 2, 2020 November 4, 2020. Subtract line 2 from line 1. STATE RETIREMENT PICKUP. If your unreimbursed business expenses include depreciation to which an adjustment is required for Maryland purposes, complete Form 500DM to calculate the addition modification "l" or subtraction modification "bb.". Form 502B must be completed and attached to Form 502 if you are claiming one or more dependents. Alternatively, if you itemize deductions, you may elect to enter taxable net income from line 20 of Form 502 or net income from line 11 of Form 505NR . . First complete your 2013 federal income tax return. Be sure to attach wage and tax statements (Form W-2, W-2G and 1099) to the front of your return if Maryland tax was withheld. Amount received by a claimant for noneconomic damages as a result of a claim of unlawful discrimination under Internal Revenue Code Section 62(e). To compute the subtraction, follow the directions on the MILITARY OVERSEAS INCOME WORKSHEET (13B). . 29. . Returns with the bar code stapled or destroyed. Line 41 of Form 502. . Send notification to the Maryland Revenue Administration Division within 90 days of the final determination of the changes by the IRS. This form is signed under oath and subject to the However, you are permitted to subtract income received when not a resident of Maryland. Enter your Maryland adjusted gross income from line 16 of Form 502, line 1 of Form 503 or line 8 of Form 505NR . Form 588 if you elect to have your refund direct deposited to more than one account. c. Attach a copy of the certification. Purchase and installation costs of certain enhanced agricultural management equipment as certified by the Maryland Department of Agriculture. Amount of the cost difference between a conventional on-site sewage disposal and a system that uses nitrogen removal technology, for which the Department of Environment's payment assistance program does not cover. Certain businesses located in Maryland that create new positions or establish or expand business facilities in the state may be entitled to an income tax credit if a property tax credit is granted by Baltimore City or any county or municipal corporation of Maryland. . Line 26 of Form 502. BUSINESS TAX CREDITS. Maryland law requires that your income and deductions be entered on your Maryland return exactly as they were reported on your federal return. Add your Maryland tax from line 28 of Form 502 or line 8 of Form 503 and your local tax from line 33 of Form 502 or line 11 of Form 503. For alternative methods of payment, such as a credit card, visit our website at Check for the pension exclusion, a return filed in the `` Attachment Sequence no.,! 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