Fillable Form 515 - Maryland Tax Return - 2012 (Page 11 of 12) in pdf

LOCAL EARNED INCOME CREDIT WORKSHEET

(Part-year residents see Instruction 26 (o))

1 ENTER federal earned income credit from your federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. _____________

2. ENTER your local tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

x10

3 MULTIPLY line 2 by 10 and enter on line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. _____________

(

)

Example:

.0256

Note: In lieu of multiplying by 10 you

x 10

may simply move the decimal point one

place to the right and enter on line 4.

.256

4. LOCAL earned income credit rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. MULTIPLY line 1 by line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. ____________

6. Multiply line 5 by the Maryland income factor________ (from line 9 of Form 505NR).

Enter here and on line 41 of Form 515 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. ____________

LOCAL POVERTY LEVEL CREDIT WORKSHEET

Refer to the STATE POVERTY LEVEL CREDIT WORKSHEET in Instruction 19. If the amount on line 3 is greater than the amount on

line 4, you are eligible to claim the local poverty level credit. Complete this worksheet to calculate the amount of your credit.

A. ENTER the amount from line 2 of the STATE POVERTY LEVEL CREDIT WORKSHEET . . . . . . . . . . . . . . . . A. ______________

B. ENTER your local tax rate from line 2 of the LOCAL TAX WORKSHEET . . . . . . . . . . . . . . . . . . . . . . . . . . B.

C. MULTIPLY line A by line B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C. ______________

D. Multiply line C by the Maryland income factor _________ (from line 9 of Form 505NR).

Enter the amount here and on line 42 of Form 515. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D. ______________

Taxes paid and credits. Write your taxes paid and credits on lines 50-54.

Line 50. Write the total Maryland and

Line 51. Enter on line 51 the total of:

Line 53. Complete this line only if you

local tax withheld as shown on the wage

are a Pennsylvania resident. Residents of

a. Maryland estimated tax payments

and tax statements (Forms W-2, W-2G or

local jurisdictions which impose a local

AND

1099) you have received. Add up the

income or earnings tax on Maryland

amounts identified as Maryland and local

residents are subject to both the State

b. payment made with a request for an

tax withheld on each form and write the

and the local tax on wages earned in

automatic extension of time to file

total on line 50. Attach Forms W-2, W-2G

Maryland.

your return.

and 1099 to your return if Maryland tax

Line 54. REFUNDABLE INCOME TAX

Line 52. If one-half of your federal

is withheld. You will not get credit

CREDITS. Enter the amount from line 6,

earned income credit is greater than your

for your withholding, if you do not

Part H of Form 502CR.

Maryland state income tax, you may be

attach Forms 1099, W-2, or W-2G

eligible for a refundable earned income

N O T E :

H E R I TA G E

S T R U C T U R E

substantiating Maryland withholding.

credit. See Instruction 19 and complete

REHABILITATION TAX CREDIT and/or

IMPORTANT: Your

wage

and

tax

t h e

R E F U N D A B L E

E A R N E D

Sustainable Communities Tax Credit. See

statements contain many numbers. Be

I N C O M E C R E D I T

W O R K S H E E T

t o

Form 502H and/or 502S for qualifications

sure you add only the amounts identified

calculate this credit.

and instructions.

as Maryland and local tax withheld.

Overpayment or balance due. Calculate the balance due (line 56) or overpayment and refund (line 57).

Telephone numbers, code number, signatures and attachments. Enter your telephone numbers, and sign

and date your return. Be sure to attach all required forms, schedules and statements.

CODE NUMBER

of perjury.

of which the preparer has knowledge,

If special circumstances apply, you may

Both husband and wife must sign a joint

under the penalties of perjury.

not owe the interest for underpayment of

return. If your spouse cannot sign

Penalties may be imposed for tax

estimated tax. Refer to Form 502UP for

because of injury or disease, and tells

preparers who fail to sign the tax return

additional

information.

Enter

the

you to sign, you can sign your spouse’s

and provide their Social Security number

applicable code number in one of the

name in the proper space of the return

or preparer’s tax identification number.

code number boxes located to the right of

followed by the words “By (your name),

ATTACHMENTS

the telephone number area. Enter code

husband (or wife).” Be sure to also sign

Be sure to attach wage and tax

300 if you are a farmer or fisherman or

in the space provided for your signature.

statements (Form W-2, W-2G, 1099 or

enter code 301 if your income was

If a power of attorney is necessary,

K-1) to the front of your return if

received unevenly throughout the year.

complete federal Form 2848 and attach

Maryland tax is with held. Be sure to

Attach your completed Form 502UP if you

to your return.

attach

all

forms,

schedules

and

have entered code 301.

TAX PREPARERS

statements required by these instructions.

SIGNATURES

If another person prepared your return,

Place your check or money order on top

You must sign your return. Your

that person must also sign the return

of your wage and tax statements and

signature(s) signifies that your return,

a n d

e n t e r

t h e i r

p r e p a r e r ’s

t a x

fasten with one staple on the front of

in cluding all attachments, is, to the best

identification number (PTIN). The

your tax return.

of your knowledge and belief, true,

preparer declares that the return is based

correct and complete, under the penalties

on all information required to be reported

COM/RAD-023

12-01

Form 515 - Maryland Tax Return - 2012 Page 11

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