Fillable Form 515 - Maryland Tax Return - 2012 (Page 6 of 12) in pdf

gg. Amount of income for services

R e s i d e n c y

R e l i e f

A c t .

S e e

any, between the exemption amount

performed in Maryland by the spouse

Administrative Release 1.

based upon your federal adjusted

of a member of the armed services, if

gross income and the exemption

hh. If you have received income from

the spouse is not domiciled in

amount based upon your federal

U.S. obligations and your federal

Maryland and is in Maryland solely to

a d j u s t e d

g r o s s

i n c o m e

a f t e r

adjusted gross income exceeds

be with the servicemember serving in

subtracting your U.S. obligations

$100,000 ($150,000 if filing Joint,

compliance with military orders,

using the following Worksheet.

Head of Household or Qualifying

pursuant to the Military Spouses

Widow(er)), enter the difference, if

hh. EXEMPTION ADJUSTMENT WORKSHEET

Line 1:

ENTER the exemption amount to be reported on line 29 of Form 515 using the chart in Instruction

9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ __________________

Line 2:

ENTER your federal adjusted gross income as reported in Column 1 of line 17 of your Form 515 . . .

$ __________________

Line 3:

ENTER your income from U.S. obligations to be included on line 23 of Form 515 . . . . . . . . . . . . . . .

$ __________________

Line 4:

SUBTRACT amount on line 3 from amount reported on line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ __________________

Line 5:

RECALCULATE your exemption amount using the chart in Instruction 9, using the income from line 4.

Remember to add your $1,000 exemptions for age and blindness if applicable . . . . . . . . . . . . . . . .

$ __________________

Line 6:

SUBTRACT the exemption amount calculated on line 1 from the exemption amount calculated on line 5.

If the amount is less than zero (0), enter zero (0). If the amount is zero, you have already received the

maximum exemption that you are entitled to claim on Form 515 . . . . . . . . . . . . . . . . . . . . . . . . . .

$ __________________

If the amount is greater than zero (0), this is your subtraction from income. Enter this amount as a subtraction on

line 23 of Form 515 with subtraction code "hh".

Example:

Fred and Mary Jones had a federal adjusted gross income of $180,000. They also had $40,000 on interest from US savings bonds

and had a dependent son whom they claimed on the Maryland tax return. Using Instruction 9, they found that the exemption amount

on their Maryland return (based upon $180,000 of income) was $2,400 ($800 for three exemptions). If it were not for the $40,000

of US savings bonds, their federal adjusted gross income would have been $140,000 and their exemption amount would have been

$9,600 ($3,200 for three exemptions). Therefore, Fred and Mary Jones are entitled to claim a subtraction of $7,200 ($9,600-

$2,400) on line 23 using code letter hh.

Adjusted Gross Income (AGI) factor. You must adjust your standard or itemized deductions and exemptions

using the AGI factor calculated in the worksheet below. You must carry this amount to six decimal places.

NOTE: If Maryland adjusted gross income before subtractions (Line 2) is 0 or less, use

0 as your factor. If your federal adjusted gross income (line 1) is 0 or less and line 2 is greater (or less)

than 0, use 1 as your factor.

AGI FACTOR WORKSHEET

Enter your federal adjusted gross income (from line 17, Column 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ________________________

Enter your Maryland adjusted gross income before subtraction of non-Maryland income (from line 25) . . . . . . 2 ________________________

AGI factor. Divide line 2 by line 1 and enter on Form 515, line 30. If less than 0 or greater than 1, enter 1. . 3 ________________________

Standard deduction. Complete line 27 and check the box for Standard Deduction Method.

The Standard Deduction Method gives

determine the total standard deduction

deduc tion using the AGI factor from

you a standard deduction without the

for your filing status and Maryland

Instruction 13 to figure your Maryland

need to itemize deductions. Use the

income.

standard deduction.

a p p r o p r i a t e

w o r k s h e e t

b e l o w

t o

You must adjust the total standard

COM/RAD-023

12-01

Form 515 - Maryland Tax Return - 2012 Page 6

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