Form 515 - For Nonresidents Employed In Maryland Who Reside In Jurisdictions That Impose A Local Income Or Earnings Tax On Maryland Residents - 2014 Page 6

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if filing Joint, Head of Household or Qualifying Widow(er)),

AGI FACTOR WORKSHEET (13A)

enter the difference, if any, between the exemption amount

1. Enter your federal adjusted gross income

based upon your federal adjusted gross income and the

(from line 17, Column 1) . . . . . . . . . . . . . $ _________

exemption amount based upon your federal adjusted gross

income after subtracting your U.S. obligations using the

2. Enter your Maryland adjusted gross income

EXEMPTION ADJUSTMENT WORKSHEET (12A).

before subtraction of non-Maryland income

(from line 25) . . . . . . . . . . . . . . . . . . . . . . . $ _________

hh. EXEMPTION ADJUSTMENT WORKSHEET (12A)

3. AGI factor. Divide line 2 by line 1 and enter

on Form 515, line 30. If less than 0 or

Line 1: ENTER the exemption amount to be

greater than 1.000000, enter 1.000000 . . . . .

_________

reported on line 29 of Form 515 using

the chart in Instruction 9. . . . . . . . . . . .$ _________

Line 2: ENTER your federal adjusted gross

STANDARD DEDUCTION.

income as reported in Column 1

of line 17 of your Form 515 . . . . . . . . $ _________

Complete line 27 and check the box for Standard Deduction

Method.

Line 3: Enter your income from U.S. obligations

The Standard Deduction Method gives you a standard deduction

to be included on line 23 of Form 515 . . .$ _________

without the need to itemize deductions. Use the appropriate

Line 4: Subtract amount on line 3 from amount

worksheet to determine the total standard deduction for your

reported on line 2. . . . . . . . . . . . . . . . . .$ _________

filing status and Maryland income.

You must adjust the total standard deduc tion using the AGI

Line 5: Recalculate your exemption amount

factor from Instruction 13 to figure your Maryland standard

using the chart in Instruction 9, using

deduction.

the income from line 4. Remember to

add your $1,000 exemptions for age

STANDARD DEDUCTION WORKSHEET (14A) PART I

and blindness if applicable . . . . . . . . . . .$ _________

If your filing status is:

Line 6: Subtract the exemption amount

calculated on line 1 from the exemption

Single, Married filing separately or Dependent taxpayer

amount calculated on line 5. If the

Worksheet 1

amount is less than zero (0), enter

Your standard

If your income on

zero (0). If the amount is zero, you

line 26 is:

deduction is:

have already received the maximum

exemption that you are entitled to

$10,000 or less . . . . . . . . . . . . . . . . . . . . . . . . $

1,500

_______

claim on Form 515 . . . . . . . . . . . . . . . .$ _________

If the amount is greater than zero (0), enter this amount

If your income is between $10,000 - $13,333

as a subtraction on line 23 of Form 515 with subtraction

Enter your income from above: . . . . . . . . . . . . . $ _________

code "hh."

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

.15

________

Example:

Pat and Chris Jones had a federal adjusted gross income of

This is your standard deduction

$ _________

$180,000. They also had $40,000 on interest from U.S. Savings

bonds and had a dependent son whom they claimed on the

If your income on

Your standard

Maryland tax return. Using Instruction 9, they found that the

line 26 is:

deduction is:

exemption amount on their Maryland return (based upon

$180,000 of income) was $2,400 ($800 for three exemptions).

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

2,000

________

If it were not for the $40,000 of U.S. Savings bonds, their

federal adjusted gross income would have been $140,000 and

Enter your standard deduction on Part II, line 1.

their exemption amount would have been $9,600 ($3,200 for

three exemptions). Therefore, Pat and Chris Jones are entitled

If your filing status is:

to claim a subtraction of $7,200 ($9,600- $2,400) on line 23

Married filing jointly, Head of household or Qualifying

using code letter hh.

widow(er)

Worksheet 2

ADJUSTED GROSS INCOME (AGI) FACTOR.

If your income on

Your standard

line 26 is:

deduction is:

You must adjust your standard or itemized deductions and

3,000

$20,000 or less . . . . . . . . . . . . . . . . . . . . . . . . $

_______

exemptions using the AGI factor calculated in the AGI FACTOR

WORKSHEET (13A). You must carry this amount to six decimal

places.

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

NOTE: If Maryland adjusted gross income before subtractions

(Line 2) is 0 or less, use 0 as your factor. If your federal adjusted

Enter your income from above: . . . . . . . . . . . . . $ _________

gross income (line 1) is 0 or less and line 2 is greater (or less)

.15

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

________

than 0, use 1.000000 as your factor.

This is your standard deduction

$ _________

If your income on

Your standard

line 26 is:

deduction is:

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

4,000

________

Enter your standard deduction on Part II, line 1.

COM/RAD-023

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