Maryland Form 515 - Income Tax Return - 2013 Page 10
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12d. Credit for Aquaculture Oyster Floats. If you purchased a
REFUNDABLE EARNED INCOME CREDIT.
new aquaculture oyster float during the tax year, you may be
If one-half of your prorated federal earned income credit is
entitled to a credit of up to $500 for the cost of the float.
greater than your Maryland tax you may also be eligible for a
e. Long-Term Care Insurance Tax Credit. If you paid a
refundable earned income credit. This credit is the amount by
premium for a long-term care insurance policy for yourself or
which 25% of your federal earned income credit multiplied by
certain resident family members, you may be eligible for a tax
the Maryland income factor exceeds your Maryland tax liability.
credit.
Complete Part III of the REFUNDABLE EARNED INCOME CREDIT
WORKSHEET (19A) and enter the result on line 52 of Form 515.
f. Credit for Preservation and Conservation Easements. If
you donated an easement to the Maryland Environmental
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LOCAL INCOME TAX AND LOCAL CREDITS.
Trust or the Maryland Agricultural Land Preservation Foundation
to preserve open space, natural resources, agriculture, forest
Maryland counties and Baltimore City may levy an income tax
land, watersheds, significant ecosystems, viewsheds or
which is a percentage of Maryland taxable income. Use the
historic properties, you may be eligible for a credit.
LOCAL TAX RATE CHART and Form 505NR to figure your local
g. Health Enterprise Zone Practitioner Tax Credit. If you
income tax. Use the Maryland county (or Baltimore City) in
are a qualified “Health Enterprise Zone (HEZ)
which you were employed on the last day of the tax year
Practitioner,” you may be able to claim a credit
and which you showed in the box at the top of Form 515.
against your state tax liability for income that you
earned for practicing health care in an HEZ.
2013 Tax Rate Chart
Subdivision
2013
For additional information regarding any of the above income
tax credits, see the instructions for Form 502CR, Income Tax
Baltimore City . . . . . . . . . . . . . . . . . .0320
Credits. Form 502CR and instructions are available from any
Allegany County . . . . . . . . . . . . . . . . .0305
Anne Arundel County . . . . . . . . . . . . .0256
office of the Comptroller or visit our Web site at www.
Baltimore County . . . . . . . . . . . . . . . .0283
.
Calvert County . . . . . . . . . . . . . . . . . .0280
BUSINESS TAX CREDITS.
Caroline County . . . . . . . . . . . . . . . . .0263
Carroll County . . . . . . . . . . . . . . . . . .0305
Business tax credits cannot be claimed on Form 515.
Cecil County . . . . . . . . . . . . . . . . . . . .0280
You must also file Form 505 electronically to claim
Charles County . . . . . . . . . . . . . . . . . .0290
business income tax credits.
Dorchester County . . . . . . . . . . . . . . .0262
Frederick County . . . . . . . . . . . . . . . .0296
EARNED INCOME CREDIT, POVERTY LEVEL CREDIT and REFUNDABLE EARNED INCOME CREDIT WORKSHEET (19A)
PART I – Earned Income Credit
1. Maryland tax (from line 33 of Form 515) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ______________
2. Federal earned income credit _________ x 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ______________
3. Multiply line 2 by the Maryland income factor
(from line 9 of Form 505NR).
Enter this amount here and on line 34 of Form 515 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ______________
4. Subtract line 3 from line 1. If less than zero (0) enter zero (0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ______________
If line 4 is greater than zero (0), you may qualify for the Poverty Level Credit. Go to Part II.
If line 4 is zero (0), you may qualify for the Refundable Earned Income Credit. Go to Part III.
POVERTY INCOME GUIDELINES
PART II – Poverty Level Credit
If you checked filing status 6 on your Maryland return, you are not eligible for this credit.
NUMBER OF
INCOME
EXEMPTIONS
LEVEL
1. Enter the amount from line 21, of Form 515. If you checked filing status 3
ON FEDERAL
(married filing separately) and you filed a joint federal return enter your
RETURN
joint federal adjusted gross income plus any Maryland additions . . . . . . . . . 1 _________________
1
$11,490
2. Enter the total of your salary, wages, tips and other employee compensation
and net profit from self-employment. (Do not include a farm or business loss.)
2
$15,510
Also include your distributive share of pass-through entity income . . . . . . . 2 _________________
3
$19,530
3. Find the number of exemptions in the chart that is the same as the number
of exemptions entered on your federal tax return. Enter the income level
4
$23,550
that corresponds to the exemption number . . . . . . . . . . . . . . . . . . . . . . . . 3 _________________
5
$27,570
4. Enter the amount from line 1 or 2, whichever is larger. . . . . . . . . . . . . . . . . 4 _________________
Compare lines 3 and 4. If line 4 is greater than or equal to line 3, STOP HERE.
6
$31,590
You do not qualify for this credit.
7
$35,610
If line 3 is greater than line 4, continue to line 5.
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$39,630
5. Multiply line 2 of Part II by 5% (.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 __________________
If
you
have
more
than
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6. Multiply line 5 by the Maryland income factor
(from
exemptions, add $4,020 to the last
line 9 of Form 505NR) Enter that amount here and on line 35 of Form 515 . . . 6 __________________
income level for each additional
exemption.
PART III – Refundable Earned Income Credit
COMPUTE THIS CREDIT ONLY IF LINE 4 IN PART I IS ZERO.
1. Multiply your federal earned income credit
by the Maryland income factor
from line 9
of Form 505NR) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 _______________
2. Multiply line 1 x 25% (.25) and enter the result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 _______________
3. Enter your Maryland tax from Part I, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 _______________
4. Subtract line 3 from line 2. If less than zero (0) enter zero (0). This is your refundable earned income credit.
If line 4 is greater than zero (0), enter the amount on line 52 of Form 515 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 _______________
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COM/RAD-023
13-01
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