Instructions For Maryland Nonresident Income Tax Return Form 505

1141

Marylandinwmefactor.(Divideline2byiine1.)Ifgreaterthan1,enter1

dedudions.

to determine the total standard deduction for your

(

$I- 10,000 . . . . . . . . . . . . . . . . . . . . . . . . .I.. .$

Qualifyi~~

widow(er)

605. Certain items of federal itemized deductions

“p”.

26~. Complete lines 26b to 26e and enter the

Maryland income

factor. You must adjust your standard or itemized deductions and exemptions based on the percentage of your

income subject to Maryland tax. Complete the worksheet below to figure the ratio of Maryland income to total income. Can-y this amount

to four decimal places. If the result is less than 0 or greater than 1.0, use 1 as your factor. NOTE:

If Maryland adjusted gross income (line

25) is 0, use 0 as your factor.

MARYLAND INCOME FACTOR WORKSHEET

Enter your federal adjusted gross income (from line 17, column 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter your Maryland adjusted gross income (from line 25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . ..l.............

Standard deduction.

Complete line 26a only if you are not itemizing deductions.

The standard deduction method gives you

status and Maryland income.

from the worksheet in Instruction 14 to

filing

factor

standard deduction without the need to itemize

You must adjust the total standard deduction on

figure your Maryland standard deduction.

Use the appropriate worksheet below

line 26a based on the percentage of Maryland

income. On line 26e enter the Maryland income

Figure your standard deduction

Single

Married filing jointly

Married filing separately

Head of household

Dependent

taxpayer

Use Worksheet 1, below.

Use Worksheet 2, below.

If your income on

Your

standard

If your income on

Your

standard

line 25 is between:

deduction

is:

line 25 is between:

deduction

is:

3.000

$1 - 20,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . .$

1,500

If your income on line 25 is between $lO,OOO-13,333

If your income on line 25 is between $20,000-26,667

Enter income from line 25: . . . . . . . . . . . . . . . . .$

Enter income from line 25: . . . . . . . . . . . , . ., . . .$

Multiply by 15 percent (.15) . . . . . . . . . . . . . . . . .X

Multiply by 15 percent (.15) . . . . . . . . . . . . . . , .X

This is your standard deduction . . . . . . . . . . . . . .$

This is your standard deduction . . . . . . . . . ., . . .$

If your income on

Your

standard

If your income on

Your

standard

line 25 is:

deduction

is:

deduction

is:

4,000

2.000

$13,333 or over . . . . . . . . . . . . . . . . . . . ,. . . . . .$

$26,667 or over . . . . . . . . . . . . . . . . . . . . . . . . .$

Enter your standard deduction on line 26a.

Itemized deductions.

If you figure your tax by the ITEMIZED DEDUCTION METHOD, complete lines 26b, c and d on Maryland

Form 605.

USE FEDERAL FORM 1040 SCHEDULE A

You are not required to itemize deductions on

of state and local taxes to be entered on line 26c of

To use the ITEMIZED DEDUCTION METHOD,

your Maryland return simply because you item-

Form 505.

you must itemize your deductions on your federal

ized on your federal return. Figure your tax each

If your unreimbursed business expenses include

return and complete

the Job Creation and Worker

federal Form 1040 Schedule

way to determine which method is best for you.

depreciation under

A. Copy the amount from Schedule A, line 28,

Your Maryland itemized deductions are limited to

Assistance Act of 2002 to which an adjustment is

Total Itemized Deductions, onto line 28b of Form

required for Maryland purposes, an adjustment must

those deductions related to Maryland income. You

must adjust the total itemized deductions on line

be reflected in addition modification “j” or subtrac-

are not eligible for State purposes and must be

26d based on the percentage of Maryland tion modiication

subtracted from line 26b. State and local income

income. On line 26e enter the Maryland income

taxes used as a deduction for federal purposes

factor from the worksheet in Instruction 14 to fig-

ure your Maryland itemized deductions.

must be entered on line 26~. Also, any amount

deducted as contributions of Preservation and

NOTE: Certain high-income taxpayers are

Conservation Easements for which a credit is

required to reduce their federal itemized deduc-

claimed on Form 502CR must be added to line

tions. If you had to reduce your total federal itern-

bed deductions, use the itemized deduction work-

result on line 26.

sheet at the top of page 5 to calculate the amount

Instructions For Maryland Nonresident Income Tax Return Form 505 - 2002 Page 4

Related Articles

Related forms

Related Categories