Instructions For Maryland Form 502cr - Income Tax Credits For Individuals - 2014

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INCOME TAX CREDITS
MARYLAND
MARYLAND
Page 1
FORM
FORM
FOR INDIVIDUALS
502CR
502CR
INSTRUCTIONS
2014
GENERAL INSTRUCTIONS
Alabama - AL
Mississippi - MS
Vermont - VT
Arizona - AZ
Missouri - MO
Virginia - VA
Purpose of Form. Form 502CR is used to claim personal income
Arkansas - AR
Montana - MT
(except wage income)
tax credits for individuals (including resident fiduciaries).
California - CA
Nebraska - NE
Washington, DC - DC
You may report the following tax credits on this form: the Credit
Colorado - CO
New Hampshire - NH
(except wage income)
for Income Taxes Paid to Other States, Credit for Child and
Connecticut - CT
New Jersey - NJ
West Virginia - WV
Dependent Care Expenses, Quality Teacher Incentive Credit,
Delaware - DE
New Mexico - NM
(except wage income)
Long-Term Care Insurance Credit, Credit for Preservation
Georgia - GA
New York - NY
Wisconsin - WI
and Conservation Easements, Credit for Aquaculture Oyster
Hawaii - HI
North Carolina - NC
Territories and
Floats, the Health Enterprise Zone Practitioner Income Tax
Idaho - ID
North Dakota - ND
Possessions of the
Credit, Sustainable Communities Tax Credit, the Neighborhood
Illinois - IL
Ohio - OH
United States
Stabilization Credit, Flow-Through Nonresident PTE Tax and
Indiana - IN
Oklahoma - OK
American Samoa - AS
IRC Section 1341 Repayment Credit. You must file Form 500CR
Iowa - IA
Oregon - OR
Guam - GU
electronically to claim a business income tax credit .
Kansas - KS
Pennsylvania - PA
Northern Mariana
Kentucky - KY
(except wage income)
Island - MP
The
Neighborhood
Stabilization
Credit,
the
Sustainable
Louisiana - LA
Rhode Island - RI
Puerto Rico - PR
Communities Tax Credit and/or certain business tax credits from
Maine - ME
South Carolina - SC
U .S . Virgin Islands - VI
Form 500CR and the IRC Section 1341 Repayment Credit are
Massachusetts - MA
Tennessee - TN
refundable . All of the other credits may not exceed the state
Michigan - MI
Texas - TX
income tax .
Minnesota - MN
Utah - UT
Excess credit for preservation and conservation easements
A Maryland resident (including a resident fiduciary) having
may be carried forward to the next tax year . Excess amounts
income from one of these states must report the income on the
of the other credits cannot be carried forward . Note: Resident
Maryland return Form 502 or 504 . To claim a credit for taxes
fiduciaries may use Form 502CR to claim only a credit
paid to the other state, complete Form 502CR and attach it and
for income taxes paid to other states or a Credit for
a copy of the other state’s nonresident income tax return (not
Preservation and Conservation Easements.
just your W-2 Form) to your Maryland return .
Name and Other Information. Type or print the name(s) as
GROUP II - Reciprocal for wages, salaries, tips and commission
shown on Form 502, Form 505, Form 515 or Form 504 in the
income only .
designated area . Enter the Social Security Number for each
taxpayer .
Pennsylvania - PA
Washington, DC - DC
Virginia - VA
West Virginia - WV
When and Where to File. Form 502CR must be attached to
the annual return (Form 502, 504, 505 or 515) and filed with
Maryland has a reciprocal agreement with the states included
the Comptroller of Maryland, Revenue Administration
in Group II . The agreement applies only to wages, salaries, tips
Division, 110 Carroll Street, Annapolis, Maryland 21411-
and commissions . It does not apply to business income, farm
0001.
income, rental income, gain from the sale of tangible property,
etc . If you had such income subject to tax in these states,
PART A - CREDIT FOR INCOME TAXES PAID TO OTHER
complete Form 502CR and attach it and a copy of the other
STATES
state’s nonresident income tax return (not just your W-2 Form)
If you are a Maryland resident (including a resident fiduciary)
to your Maryland return .
and you paid income tax to another state, you may be eligible
for a credit on your Maryland return. Nonresidents (filing Form
If you had wages, plus income other than wages from a state
505, 515 or 504) are not eligible for this credit .
listed in Group II, you should contact the taxing authorities in
the other state to determine the proper method for filing the
Find the state to which you paid a nonresident tax in one of
nonresident return .
the following groups . The instructions for that group will tell
you if you are eligible for credit and should complete Part A of
GROUP III - No state income tax - No credit allowed .
Form 502CR. You must file your Maryland income tax return on
Alaska - AK
South Dakota - SD
Form 502 and complete lines 1 through 22 of that form, or on
Florida - FL
Washington - WA
Form 504 and complete lines 1 through 23 . Then complete Form
Nevada - NV
Wyoming - WY
502CR Parts A and H and attach to Form 502 or 504 .
You must report income from these states on your Maryland
A completed, signed copy of the income tax return filed in the
resident return . You cannot claim any credit for income earned
other state must also be attached to Form 502 or 504 .
in these states because you did not pay any income tax to the
CAUTION: Do not use the income or withholding tax reported
other state .
on the wage and tax statement (W-2 form) issued by your
employer for the credit computation . Use the taxable income
PART A – IMPORTANT NOTE FOR DUAL RESIDENTS
and the income tax calculated on the return you filed with the
A person may be a resident of more than one state at the same
other state .
time for income tax purposes. If you must file a resident return
If you are claiming credit for taxes paid to more than one state,
with both Maryland and another state, use the following rules to
a separate Form 502CR must be completed for each state . Total
determine where the credit should be taken:
the amount from each Form 502CR, Part A, line 8 . Using only
1 . A person who is domiciled in Maryland and who is subject to
one summary section, record the total on Part H, line 1 . Credit
tax as a resident of any of the states listed in Group I or II
cannot be allowed for the local portion of the tax calculated on
can claim a credit on the Maryland return (Form 502) using
the return of the other state or on the Maryland return (line 29
Part A of Form 502CR .
of Form 502) .
2 . A person domiciled in any state listed in Group I or II who
GROUP I - Nonreciprocal - Credit is taken on the Maryland
must file a resident return with Maryland must take the
resident return .
credit in the state of domicile .
COM/RAD-012

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