Form 515 - For Nonresidents Employed In Maryland Who Reside In Jurisdictions That Impose A Local Income Or Earnings Tax On Maryland Residents - 2014 Page 11

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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 _________________

$11,670

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.)

$15,730

Also include your distributive share of pass-through entity income . . . . . . . . . 2 _________________

$19,790

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

$23,850

that corresponds to the exemption number . . . . . . . . . . . . . . . . . . . . . . . . . 3 _________________

$27,910

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.

$31,970

You do not qualify for this credit.

$36,030

If line 3 is greater than line 4, continue to line 5.

$40,090

5. Multiply line 2 of Part II by 5% (.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 __________________

you

have

than

6. Multiply line 5 by the Maryland income factor

(from

exemptions, add $4,060 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 _______________

COM/RAD-023