Form 515 - Maryland Tax Return - 2012 Page 10
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12EARNED INCOME CREDIT, POVERTY LEVEL CREDIT and
REFUNDABLE EARNED INCOME CREDIT WORKSHEET
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.
PART II – Poverty Level Credit
POVERTY INCOME
If you checked filing status 6 on your Maryland return, you are not eligible for this
GUIDELINES
credit.
NUMBER OF
INCOME
1. Enter the amount from line 21, of Form 515. If you checked filing status 3
EXEMPTIONS
LEVEL
(married filing separately) and you filed a joint federal return enter your
ON FEDERAL
joint federal adjusted gross income plus any Maryland additions . . 1 _____________
RETURN
2. Enter the total of your salary, wages, tips and other employee compensation
1
$11,170
and net profit from self-employment. (Do not include a farm or business loss.)
Also include your distributive share of pass-through entity income 2 _____________
2
$15,130
3. Find the number of exemptions in the chart that is the same as the number
3
$19,090
of exemptions entered on your federal tax return. Enter the income level
4
$23,050
that corresponds to the exemption number . . . . . . . . . . . . . . . . . 3 _____________
5
$27,010
4. Enter the amount from line 1 or 2, whichever is larger. . . . . . . . . 4 _____________
6
$30,970
Compare lines 3 and 4. If line 4 is greater than or equal to line 3, STOP HERE.
You do not qualify for this credit.
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$34,930
If line 3 is greater than line 4, continue to line 5.
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$38,890
5. Multiply line 2 of Part II by 5% (.05) . . . . . . . . . . . . . . . . . . . . . 5 _____________
If you have more than 8 exemptions,
6. Multiply line 5 by the Maryland income factor _____
add $3,960 to the last income level for
(from line 9 of Form 505NR)
each additional exemption.
Enter that amount here and on line 35 of Form 515 . . . . . . . . . . 6 _____________
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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Local income tax and local credits. Maryland counties and Baltimore City may levy an income tax which
is a percentage of Maryland taxable income. Use the LOCAL TAX RATE CHART and Form 505NR to figure
your local income tax. Use the Maryland county (or Baltimore City) in which you were employed on the
last day of the tax year and which you showed in the box at the top of Form 515.
Local earned income credit. If you cal-
EARNED INCOME CREDIT WORKSHEET.
Form 515, complete the LOCAL POVERTY
culated an earned income credit on line
Local poverty level credit. If you calcu-
LEVEL CREDIT WORKSHEET.
34 of Form 515, complete the LOCAL
lated a poverty level credit on line 35 of
2012 LOCAL TAX RATE CHART
Subdivision
Rate
Subdivision
Rate
Subdivision
Rate
Baltimore City . . . . . . . . . .
.0320
Charles County . . . . . . . . .
.0290
Prince George’s County . . .
.0320
Allegany County . . . . . . . .
.0305
Dorchester County . . . . . . .
.0262
Queen Anne’s County . . . . .
.0320
Anne Arundel County . . . . .
.0249
Frederick County . . . . . . . .
.0296
St. Mary’s County . . . . . . .
.0300
Baltimore County . . . . . . . .
.0283
Garrett County . . . . . . . . .
.0265
Somerset County . . . . . . . .
.0315
Calvert County . . . . . . . . .
.0280
Harford County . . . . . . . . .
.0306
Talbot County . . . . . . . . . .
.0225
Caroline County . . . . . . . . .
.0263
Howard County . . . . . . . . .
.0320
Washington County . . . . . .
.0280
Carroll County . . . . . . . . . .
.0305
Kent County . . . . . . . . . . .
.0285
Wicomico County . . . . . . . .
.0310
Cecil County . . . . . . . . . . .
.0280
Montgomery County. . . . . .
.0320
Worcester County . . . . . . .
.0125
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COM/RAD-023
12-01
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