The Maryland 502X form, designated for the year 2020 or the applicable fiscal period, serves as the official document for taxpayers needing to amend their state income tax returns. This amendment process allows for corrections to previously filed returns, claims for a net operating loss, or adjustments due to changes in federal tax filings. Whether it's a modification in income, deductions, or personal information, the 502X form ensures taxpayers can rectify their state tax obligations accurately. For detailed instructions and help in filling out your form, click the button below.
The Maryland Form 502X plays a critical role for residents and taxpayers in the state who find themselves needing to amend their previously filed state income tax returns for the year 2020 or any applicable fiscal years beginning in 2020. This form enables individuals to correct information or claim additional deductions or credits not claimed on their original tax return. When filling out the 502X form, it is imperative to use blue or black ink and to ensure that all personal information, including Social Security numbers and addresses, accurately matches official documents. This measure is crucial for personal exemptions and avoiding discrepancies. The form accommodates various statuses including changes due to net operating losses, alterations in residency status, and modifications in the filer's income or deductions. The form is structured to facilitate detailed revisions, requiring taxpayers to provide specific explanations for each change made to their initially reported income, deductions, and credits. Understanding the importance of accuracy in this process is heightened by the limitations on refund claims and the potential implications of audits. Additionally, the relationship between federal and state amendments necessitates the submission of any amended federal returns or IRS adjustments alongside the Maryland 502X. Filing guidelines emphasize timeliness, electronic filing requirements for certain claims, and awareness of specific exceptions to general deadlines, underscoring the form's role in ensuring the state's tax records accurately reflect taxpayers' financial realities.
MARYLAND
AMENDED TAX RETURN
2022
FORM
502X
OR FISCAL YEAR BEGINNING
2022, ENDING
Print Using Blue or Black Ink Only
Your Social Security Number
Your First Name
Your Last Name
Spouse's First Name
Spouse's Last Name
Spouse's Social Security Number
MI
Does your name match the name on your social security card? If not, to ensure you get credit for your personal exemptions, contact SSA at 1-800-772-1213 or visit www.ssa.gov.
Current Mailing Address Line 1 (Street No. and Street Name or PO Box)
Maryland County
Current Mailing Address Line 2 (Apt No., Suite No., Floor No.)
City, Town or Taxing Area
Name of county and incorporated city, town or special taxing area in which you
resided on the last day of the taxable period. (Baltimore City residents leave
Maryland County line blank.)
City or Town
State
ZIP Code + 4
Foreign Country Name
Foreign Province/State/County
Foreign Postal Code
Check here if you are:
Check here if your spouse is:
IF THIS IS BEING FILED TO CLAIM A NET OPERATING LOSS, CHECK
THE APPROPRIATE BOX:
CARRY BACK (farming loss only)
65 or over
Blind
CARRY FORWARD
IMPORTANT NOTE: Read the instructions and complete page 3 first.
Attach copies of the federal loss year return and Form 1045, Schedules
A and B. See Instruction 15.
Is this address different from the address on your original return?
YES
NO
Check:
Full-year resident
Part-year resident or
Nonresident (See Instruction 14.)
If part-year resident or nonresident, enter dates you resided in Maryland
-
. Any changes from the original filing must
be explained in Part III on page 4 of this form. Submit copy of tax return filed with the other state.
Did you request an extension of time to file the original return?
If yes, enter the date the return was filed
Is an amended federal return being filed? If yes, submit copy.
Has your original federal return been changed or corrected by the Internal Revenue Service? If yes, submit copy
of the IRS notice.
CHANGE OF FILING STATUS
Original Amended
Single
Married filing joint return or spouse had no income
Married filing separately
Spouse's Social Security No.
Head of household
Qualifying widow(er) with dependent child
Dependent taxpayer
COM/RAD 019
Page 2
LAST NAME
SSN
A. As originally reported or
B. Net change – increase
C. Corrected amount.
as previously adjusted
or (decrease) –
(See instructions.)
explain on page 4.
1. Federal adjusted gross income. . . . . . . . . . . . . . . . . . . . .1.
1a. Earned income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a.
2. Additions to income (from lines 2, 3, 4, and 5 of 502). . . .2.
3. Total (Add lines 1 and 2). . . . . . . . . . . . . . . . . . . . . . . . .3.
4.Subtractions from income (from lines 8 through 14 of 502).4.
5. Total Maryland adjusted gross income . . . . . . . . . . . . . . .5.
6.CHECK ONLY ONE METHOD (See Instruction 5.)
STANDARD DEDUCTION METHOD
Enter 15% (See Instruction 5 for limits.)
ITEMIZED DEDUCTION METHOD
Enter total MD itemized deductions from Part II,
on page 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 7. Net income (Subtract line 6 from line 5.) . . . . . . . . . . . . .7.
8. Exemption amount (See Instruction 5.) . . . . . . . . . . . . . .8.
9. Taxable net income (Subtract line 8 from line 7.) . . . . . . .9.
10.Maryland tax (from Tax Table or Computation Worksheet).10.
10a. Credits: Earned Income Credit. .
Poverty Level Credit . .
Personal Credit. . . . . .
Business Credit. . . . . .
.00
Enter total credits. . . . . . . . . . . . . . . . . . . . . . 10a. 10b. Maryland tax after credits (Subtract line 10a from
line 10.) If less than 0, enter 0 . . . . . . . . . . . . . . . . . . 10b.
11.Local income tax (Use rate applicable for year of return.)
Multiply line 9 by . (See Instruction 7.). . . . . . . 11.
11a. Local credits: Earned Income Credit. . Poverty Level Credit. . .
Enter total credits. . . . . . . . . . . . . . . . . .11a. 11b. Local tax after credits (Subtract line 11a from line 11.)
If less than 0, enter 0. . . . . . . . . . . . . . . . . . . . . . . . . 11b.
12.Total Maryland and local income tax
(Add lines 10b and 11b.)
. . . . 12
13. Contribution: A.
B.
C.
D.
Enter total contributions (See Instruction 8.). . . . . . . . . . 13.
14.Total Maryland income tax, local income tax and
contribution (Add lines 12 and 13.) . . . . . . . . . . . . . . . . 14.
15. Total Maryland tax withheld. . . . . . . . . . . . . . . . . . . . . . 15.
16.Estimated tax payment, extension and payments made with
Form MW506NRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.
17. Refundable earned income credit . . . . . . . . . . . . . . . . . . 17.
18. Nonresident tax paid by pass-through entities . . . . . . . . . 18.
19.Refundable income tax credits
(Attach Form 502CR and/or 502S.) . . . . . . . . . . . . . . . . 19.
20. Total payments and credits (Add lines 15 through 19.) . . 20.
21. Balance due (if line 14 is more than line 20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.
22. Overpayment (if line 14 is less than line 20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.
23.Tax paid with original return, plus additional tax paid after it was filed (Do not include any interest or penalty.) 23.
24. Prior overpayment (Total all refunds previously issued.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.
25.REFUND (If line 21 is less than 23, subtract line 21 from 23.) (If line 24 is less than 22,
subtract line 24 from 22.) (Add lines 22 and 23.) (See Instruction 10.). . . . . . . . . . . . . . . . . . . . . . . REFUND 25.
26.BALANCE DUE (If line 21 is more than 23, subtract line 23 from 21.) (Add line 21 to 24.)
(If line 22 is less than 24, subtract line 22 from 24.) (See Instruction 10.)
. . . . . . . . . . . . . . . . . . . . . . . . . . .
26.
27.
Interest and/or penalty charges on tax due and/or from Form 502UP (See Instruction 11.)
28.
TOTAL AMOUNT DUE (Add line 26 and line 27.)
PAY IN FULL WITH THIS RETURN 28.
Page 3
I. INCOME AND ADJUSTMENTS TO INCOME: You must complete the following using the amounts from your federal income tax return. If there
are no changes to the amounts claimed on your original Maryland return, check here and complete Column A and line 17 of Column C.
INCOME AND ADJUSTMENTS INFORMATION (See Instruction 4.) 1. Wages, salaries, tips, etc. . . . . . . . . . . . . . . . . . . . . . . . .1.
2. Taxable interest income . . . . . . . . . . . . . . . . . . . . . . . . .2.
3. Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.
4.Taxable refunds, credits or offsets of state and local
income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4.
5. Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5.
6. Business income or (loss) . . . . . . . . . . . . . . . . . . . . . . . .6.
7. Capital gain or (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . .7.
8. Other gains or (losses) (from federal Form 4797) . . . . . . .8.
9.Taxable amount of pensions, IRA distributions,
and annuities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9.
10.Rents, royalties, partnerships, estates, trusts, etc.
(Circle appropriate item.) . . . . . . . . . . . . . . . . . . . . . . . 10.
11. Farm income or (loss). . . . . . . . . . . . . . . . . . . . . . . . . . 11.
12. Unemployment compensation. . . . . . . . . . . . . . . . . . . . . 12.
13.Taxable amount of Social Security and
Tier 1 Railroad Retirement benefits . . . . . . . . . . . . . . . . 13.
14.Other income (including lottery or other
gambling winnings). . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
15. Total income (Add lines 1 through 14.). . . . . . . . . . . . . . 15.
16.Total adjustments to income from federal return
(IRA, alimony, etc.) . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.
17.Adjusted gross income (Subtract line 16 from 15.)
(Enter on page 2, in each appropriate column of line 1.) . 17.
B. Net increase or
(decrease).
Page 4
II.ITEMIZED DEDUCTIONS: If you itemized deductions on your Maryland return, you must complete the following. If there are no changes to the amounts claimed on your original Maryland return, check here and complete Column A and line 11 of Column C.
1. Medical and dental expenses . . . . . . . . . . . . . . . . . . . . . .1.
2. Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.
3. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.
4. Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4.
5. Casualty or theft losses. . . . . . . . . . . . . . . . . . . . . . . . . .5.
6. Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6.
7. Enter total itemized deductions from federal Schedule A . .7.
8.Enter state and local income taxes included on line 2
or from worksheet (See Instruction 4.). . . . . . . . . . . . . . .8.
9. Net deductions (Subtract line 8 from line 7.). . . . . . . . . . .9.
10.Less deductions during period of nonresident status
(See Instructions 13 & 14.) . . . . . . . . . . . . . . . . . . . . . . 10.
11.Total Maryland deductions (Subtract line 10 from line 9.) (Enter on page 2, in each appropriate column of line 6.) . 11.
III.EXPLANATION OF CHANGES TO INCOME, DEDUCTIONS AND CREDITS: Enter the line number from page 2 for each item you are changing and give the reason for each change. Attach any required supporting forms and schedules for items changed.
Check here
if you authorize your preparer to discuss this return with us.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct and complete. If prepared by a person other than taxpayer, the declaration is based on all information of which the preparer has any knowledge.
Your signature
Date
Spouse’s signature
To make an online payment, scan the QR code below and follow instructions.
Signature of preparer other than taxpayer (Required by Law)
Printed name of the Preparer/Firm's name
Street address of Preparer/Firm
City, State, ZIP + 4
Telephone number of preparer
Preparer’s PTIN (Required by Law)
Write your Social Security number on your check in blue or black ink. Make checks payable and mail to:
Comptroller of Maryland
Revenue Administration Division
110 Carroll Street
Annapolis, Maryland 21411-0001
AMENDED INCOME TAX RETURN
INSTRUCTIONS
IMPORTANT NOTES
You must file your Maryland Amended Form 502X electronically to claim, or change information related to, business income tax credits from Form 500CR.
Changes made as part of an amended return are subject to audit for up to three years from the date that the amended return is filed.
WHEN AND WHERE TO FILE
Generally, Form 502X must be filed within three years from the date the original return was due (including extensions) or filed. The following exceptions apply:
•A claim filed after three years, but within two years from the time the tax was paid is limited to the amount paid within the two years immediately before filing the claim.
•A claim for refund based on a federal net operating loss carryback must be filed within 3 years after the due date (including extensions) of the return for the tax year of the net operating loss.
•A claim for refund resulting from a credit for taxes paid to another state must be filed within one year of the date of the final notification by the other state that income tax is due.
•If the claim for refund or credit for overpayment resulted from a final determination made by an administrative board or an appeal of a decision of an administrative board, that is more than three years from the date of filing the return or more than two years from the time the tax was paid, the claim for refund must be filed within one year of the date of the final decision of the administrative board or final decision of the highest court to which an appeal of the administrative board is taken.
•If the United States Internal Revenue Service (IRS) issues a final determination of adjustments that would result in a decrease to Maryland taxable income, file Form 502X within one year after the final adjustment report or the final court decision if appealed.
•If the IRS issued a final determination of adjustments that would result in an increase to Maryland taxable income, file Form 502X within 90 days after the final determination.
Do not file an amended return until sufficient time has passed to allow the original return to be processed. For current year returns, allow at least six weeks. Note that no refund for less than $1.00 will be issued.
The amended return must be filed electronically or with the
Comptroller of Maryland, Revenue Administration Division, 110 Carroll Street, Annapolis, Maryland 21411- 0001.
For more information regarding refund limitations, see Administrative Release 20.
PROTECTIVE CLAIMS
A protective claim is a claim for a specific amount of refund filed on an amended return with a request that the Comptroller delay acting on the refund request. The claim for refund may not be based on a federal audit. The delay requested must be due to a pending decision by a state or federal court which will affect the outcome of the refund, or for reasonable cause. The protective claim must be filed in accordance with the limitations outlined in the section WHEN AND WHERE TO FILE.
The Comptroller may accept or reject a protective claim. If rejected, the taxpayer will be informed of a right to a hearing. We cannot accept a protective claim unless an original return has been filed.
Page 1
PENALTIES
There are severe penalties for failing to file a tax return, failing to pay any tax when due, filing false or fraudulent returns or making a false certification. The penalties include criminal fines, imprisonment and a penalty on your taxes. In addition, interest is charged on amounts not paid when due.
To collect unpaid taxes, the Comptroller is directed to enter liens against the salary, wages or property of delinquent taxpayers.
PRIVACY ACT INFORMATION
The Revenue Administration Division requests information on tax returns to administer the income tax laws of Maryland, including determination and collection of correct taxes. If you fail to provide all or part of the requested information, the exemptions, exclusions, credits, deductions or adjustments may be disallowed and you may owe more tax. In addition, the law provides penalties for failing to supply information required by law or regulations.
You may look at any records held by the Revenue Administration Division which contain personal information about you. You may inspect such records, and you have certain rights to amend or correct them.
As authorized by law, information furnished to the Revenue Administration Division may be given to the IRS, a proper official of any state that exchanges tax information with Maryland and to an officer of this state having a right to the information in that officer’s official capacity. The information also may be obtained with a proper legislative or judicial order.
USE OF FEDERAL RETURN
Most changes to your federal return will result in changes on your Maryland return and you will need the information from your federal amendment to complete your Maryland amended return. Therefore, complete your federal return first. Maryland law requires that your income and deductions be entered on your Maryland return exactly as they were reported on your federal return. However, all items reported on your Maryland return are subject to verification, audit and revision by the Maryland Comptroller’s Office.
If you are amending your federal return, attach a photocopy of the federal Form 1040X and any revised schedules to your Maryland Form 502X. If your tax has been increased by the IRS, you must report this increase to the Maryland Revenue Administration Division within 90 days from the final IRS determination.
SPECIFIC INSTRUCTIONS
1NAME, ADDRESS AND YEAR INFORMATION.
Enter the year, Social Security number, correct name and current address on the lines on page 1. Be sure to check the appropriate box if you or your spouse are 65 or over or blind on the last day of the tax year. Also enter the correct county, city or taxing area for the last day of the tax year being amended. If your address is different from the address on your original return, be sure to answer “Yes” to the first question.
If using a foreign address, complete the lines indicated for Country Name, Province/State/County, and Postal Code.
2QUESTIONS.
Answer all of the questions and attach copies of any federal notices, amended forms and schedules. If filing your amended return for a Net Operating Loss Carryback or Carryforward, check the appropriate box. If you have checked part-year resident or nonresident, provide the dates you resided in Maryland for the tax year and explain any changes from your original filing in Part III on page 4 of Form 502X.
3FILING STATUS.
Enter the filing status you used on your original return and show any change of filing status. Your filing status should correspond to the filing status used on your federal return.
Generally, you may not change from married filing joint to married filing separately after the original due date of the return. Any change in filing status to or from married filing joint requires the signature of both spouses. Enter a complete explanation in Part III on page 4 of Form 502X.
4COMPLETE PAGE 3 AND 4 OF FORM 502X.
PART I
Enter your original or previously adjusted amounts of income in Column A. Enter any increase (or decrease) in Column B and enter the corrected amounts in Column C. If you are not making any changes to your income as previously reported, complete Column A only and enter the total on line 17 of Column C.
PART II
If you itemized deductions, enter your original or previously adjusted amounts in Column A. Enter any increase (or decrease) in Column B and enter the corrected amounts in Column C. If you are not making any changes to your deductions as previously reported, complete Column A only and enter the total on line 11 of Column C.
NOTE: Any amount deducted as contributions of Preservation and Conservation Easements for which a credit is claimed must be included on line 8 of Part II of Form 502X.
PART III
Use this section to provide a detailed explanation of the changes being made on the amended return. A filing status change must be fully explained here. If this is a part-year or nonresident return, give the dates you resided in Maryland for the tax year.
Enter the line number from page 2 for each item you are changing and state the reason for the change. Be sure to attach any required schedules or forms.
NOW COMPLETE PAGE 2 AND 3 OF FORM 502X.
COLUMNS A-C
In Column A, enter the amounts from your return as originally filed or as previously adjusted or amended.
In Column B, enter the net increase or net decrease for each line you are changing. Show all decreases in parentheses. Explain each change in Part III of Form 502X and attach any related schedule or form. If you need more space, show the required information on an attached statement.
For Column C, add the increase in Column B to the amount in Column A, or subtract the Column B decrease from Column A. For any item you do not change, enter the amount from Column A in Column C.
5FIGURE YOUR MARYLAND TAX.
LINE 1 – Income and adjustments from federal return.
Copy the amounts from your federal amended return or as corrected by the IRS and enter a complete explanation of the changes in Part III.
LINE 1a. – Earned income. Enter the amount from line 1b of form 502 used to calculate your federal earned income credit (EIC), Maryland Earned Income Credit, or poverty level credit (PLC). Earned income includes wages, salaries, tips, professional fees and other compensation received for personal services you performed. It also includes any amount received as a scholarship that you included in your federal AGI.
2022 Tax Rate Schedules
Tax Rate Schedule I
For taxpayers filing as Single, Married Filing Separately, or as Dependent Taxpayers. This rate is also used for taxpayers filing as
Fiduciaries.
If taxable net income is:
Maryland Tax is:
At least:
but not over:
$0
$1,000
2.00%
of taxable net income
$2,000
$20.00
plus 3.00%
of excess over $1,000
$3,000
$50.00
plus 4.00%
of excess over $2,000
$100,000
$90.00
plus 4.75%
of excess over $3,000
$125,000
$4,697.50
plus 5.00%
of excess over $100,000
$150,000
$5,947.50
plus 5.25%
of excess over $125,000
$250,000
$7,260.00
plus 5.50%
of excess over $150,000
--
$12,760.00
plus 5.75%
of excess over $250,000
Tax Rate Schedule II
For taxpayers filing Joint, Head of Household, or for Qualifying Widows/ Widowers.
$175,000
$7,072.50
$225,000
$8,322.50
of excess over $175,000
$300,000
$10,947.50
of excess over $225,000
$15,072.50
of excess over $300,000
MARYLAND AMENDED INCOME TAX RETURN
LINE 2 – Additions to income. For decoupling and tax preference items and amounts to be added when credits are claimed, include corrected Form(s) 500DM, 502TP, 502CR or 500CR. In addition, enter the amount equal to a tax credit claimed for tax paid on distributive or pro-rata share of income by pass-through entity (see Line 9, Part CC, Form 502CR.). Enter an explanation of the changes in Part III.
LINE 4 – Subtractions from income. Enter items such as child care expenses, pension exclusion and other subtractions (shown in the instructions for your original return). Attach revised Form 502SU if there were any changes to that form. Enter an explanation of the changes in Part III and attach any corrected forms.
LINE 6 – Method of computation.
Standard deduction method. The standard deduction is 15% of the Maryland adjusted gross income with the following minimums and maximums.
Filing Status
Minimum of $1,600 and maximum
of $2,400
or
Married filing joint or
Minimum of $3,200 and maximum
spouse had no income
of $4,850
Qualifying widow(er)
with dependent child
Itemized deduction method. Check the box and enter your total Maryland itemized deductions.
LINE 8 – Exemptions. Multiply exemptions for taxpayers 65 or over or blind by $1,000, the personal exemption is $3,200.
This exemption is reduced once the taxpayer’s federal adjusted gross income exceeds $100,000 ($150,000 if filing Joint, Head
of Household, or Qualifying Widow(er) with Dependent Child). If you are subject to this reduction, see the exemption chart, Instruction 10 of the Resident Instructions. Attach amended Form 502B if you are changing dependent information.
LINE 10 – Computing the tax. Line 9 will be your Maryland taxable income. Use the rate schedule.
6EARNED INCOME CREDIT, POVERTY LEVEL CREDIT, CREDITS FOR INDIVIDUALS AND BUSINESS TAX CREDITS.
Enter each credit being claimed on the appropriate field on line 10a. You may claim your earned income credit on line 10a. Refer to the Resident Instructions and worksheet to compute the allowable credit. If you were a part-year resident or a nonresident, you must prorate the earned income credit using the Maryland income factor. See Instruction 13.
You may also claim a credit on line 10a equal to 5% of your earned income if your income is less than the poverty level guidelines. Refer to the Resident Instructions and worksheet to compute the allowable credit. If you were a part-year resident or a nonresident, you must prorate the poverty level credit using the Maryland income factor. See Instruction 13.
Personal income tax credits from Form 502CR should be entered on the appropriate field on line 10a. A credit for a portion of the local income tax may also be available. See instructions to Form 502CR, Part A and the instructions in Part
7 below. If this amount is different from the original return, be sure to attach completed Form 502CR with appropriate documentation or certification.
You must file your amended return electronically to claim or modify a business tax credit from Form 500CR.
The amount of the nonrefundable portion of the business tax credit Form 500CR should be entered on line 10a of the electronic version of 502X. If this amount is different from the original return, be sure to include the appropriate documentation or certification with the electronic version.
If the total credits on line 10a are greater than the tax on line 10, enter zero on line 10b. The credits entered on line 10a are nonrefundable. For information concerning refundable credits, see Instruction 9.
7LOCAL INCOME TAX AND LOCAL CREDITS.
Complete lines 11, 11a and 11b.
The local income tax is calculated by multiplying the taxable net income from line 9 by the local tax rate shown on the following Local Tax Rate Chart. Use the local tax rate for the county (or Baltimore City) in which you resided on the last day of the tax year. Enter the result on line 11.
A separate calculation of the earned income credit is required when computing the local income tax. Use the worksheets in the appropriate instructions to compute the local credits and enter the result on line 11a. If you were a part-year resident, you must prorate the local credits using the Maryland income factor. See Instruction 13.
Enter the amount of the credit calculated in the local summary of Form 502CR, Part L on the Personal Credit field on line 11a.
2022 Local Tax Rate
Subdivision
Rate
Baltimore City
.0320
Allegany County
.0305
Anne Arundel County
.0281
Baltimore County
Calvert County
.0300
Caroline County
Carroll County
.0303
Cecil County
Charles County
Dorchester County
Frederick County
.0296
Garrett County
.0265
Harford County
.0306
Howard County
Kent County
Montgomery County
Prince George’s County
Queen Anne’s County
St. Mary’s County
.0310
Somerset County
Talbot County
.0240
Washington County
Wicomico County
Worcester County
.0225
8CONTRIBUTIONS TO THE CHESAPEAKE BAY AND ENDANGERED SPECIES FUND, DEVELOPMENTAL DISABILITIES SERVICES AND SUPPORT FUND, MARYLAND CANCER FUND AND FAIR CAMPAIGN FINANCING FUND.
Enter the amounts of your contribution in 13A for the
Chesapeake Bay and Endangered Species Fund, 13B for the Developmental Disabilities Services and Support Fund, 13C for the Maryland Cancer Fund, 13D for the Fair Campaign Financing Fund. Any contribution will increase your balance due or reduce your refund. Enter the total of your contributions in the appropriate columns. Additional information concerning the funds is contained in the instructions for the tax year of the amended return.
9TAXES PAID AND CREDITS.
Write your taxes paid and credits on lines 15-20.
Enter the correct amounts on lines 15 through 19 and attach any additional or corrected W-2 statements, photocopies of cancelled checks or money orders for estimated account payments not credited on your original return. Attach corrected Form 502CR and other state returns, and/or Form 502S.
Refundable Earned Income Credit. You may be eligible for
arefundable earned income credit if one-half of your federal earned income credit is greater than your Maryland tax. Refer to the Refundable Earned Income Credit Worksheet in the Resident Instructions, and enter the allowable credit on line 17.
Refundable Income Tax Credits. Enter the total of your refundable income tax credits on line 19. You must attach Form 502CR.
1.STUDENT LOAN DEBT RELIEF TAX CREDIT. See Form 502CR Instructions.
2.HERITAGE STRUCTURE REHABILITATION TAX CREDIT. See Form 502S Instructions.
3.REFUNDABLE BUSINESS INCOME TAX CREDIT. See Form 500CR Instructions for qualifications. You must amend your return electronically to claim a business tax credit from Form 500CR.
4.IRC SECTION 1341 REPAYMENT CREDIT. If you repaid an amount this year reported as income on a prior year federal tax return that was greater than $3,000, you may be eligible for an IRC Section 1341 repayment credit. See Administrative Release 40.
5.CATALYTIC REVITALIZATION PROJECTS AND HISTORIC REVITALIZATION TAX CREDIT. If you are an individual, business entity or nonprofit organization, you may claim a tax credit in an amount equal to 20% of the amount stated in the final tax credit certificate issued by the Secretary of this subtitle for 5 consecutive taxable years beginning with the taxable years in which the Catalytic Revitalization Projects is completed. See Form 502CR Instructions.
6.FLOW-THROUGH NONRESIDENT PTE TAX CREDIT. If you are the beneficiary of a trust, or a member of a PTE, for which PTE tax was paid, you may be entitled to a share of that tax. See Form 502CR Instructions.
7.CREDIT FOR CHILD AND DEPENDENT CARE EXPENSES. If your Maryland credit for child and dependent care expenses exceeds your Maryland Tax, you may qualify for this credit. See Form 502CR Instructions.
8.MARYLAND CHILD TAX CREDIT. If you have any dependent(s) under the age of 17 on the last day of the tax year who has (have) a disability, you may be eligible for this credit. See Form 502CR Instructions.
9.PTE TAX PAID ON MEMBERS’ DISTRIBUTIVE OR PRO RATA SHARES OF INCOME. If you are the beneficiary of a trust or a Qualified Subchapter S Trust which elected to pay the tax imposed with respect to members’ distributive or
pro rata shares, you may be entitled to a credit for your share of that tax. Enter the amount on this line and attach the Maryland Schedule K-1 (504) for the trust.
If you are a member of a PTE (pass-through entity) which elected to pay the tax imposed with respect to members’ distributive or pro rata shares, you may be entitled to a credit for your share of that tax paid. Enter the amount on this line and attach Maryland Schedule K-1 (Form 510/511) issued to you.
10 BALANCE DUE OR OVERPAYMENT.
Calculate the balance due or overpayment by subtracting the total on line 20 from the amount on line 14 and enter the result on either line 21 or line 22.
Enter the tax paid with the original return plus any additional tax paid after filing on line 23 (do not enter interest or penalty paid), OR enter the overpayment from your original return plus any additional overpayments from prior amendments or adjust- ments on line 24.
If there is an amount on line 21:
•and line 21 is more than line 23, you owe additional tax. Enter the difference on line 26 and compute the interest due using the interest rates in Instruction 11.
•and there is also an amount on line 24, you owe additional tax. Add the two together and enter the total on line 26. Compute the interest due. See Instruction 11.
•and line 21 is less than line 23, you are due a refund. Enter the difference on line 25.
If there is an amount on line 22:
•and line 22 is more than line 24, you are due an additional refund. Enter the difference on line 25.
•and there is also an amount on line 23, you are due an additional refund. Add the two together and enter on line 25.
•and line 22 is less than line 24, you owe additional tax. Enter the difference on line 26 and compute the interest due using the interest rates in Instruction 11.
Previous interest and penalty
Interest and/or penalty charges for the year you are amending, whether previously paid or still outstanding, may be adjusted as a result of your amendment. Any payments made on the account have been applied first to penalty, then to interest and lastly to tax due. These payments may require reallocation depending on the result of the amendment. We will notify you of the net balance due or refund when we have completed pro- cessing your Form 502X.
NOTE: If all or part of the overpayment on your original return was credited to an estimated tax account for next year, we cannot reduce or remove this credit without specific authoriza- tion from you. If you have a balance due, and wish to apply monies credited to a 2022 estimated tax account, attach writ- ten authorization for the amount to be removed. Interest charges are assessed even if the balance due is paid from the 2022 account.
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INTEREST ON TAX DUE AND INTEREST FOR
UNDERPAYMENT OF ESTIMATED TAX.
Interest must be computed and paid on any balance of tax due. Interest is due from the date the return was originally due to be filed until the date the tax is paid. Interest is due at the rate of 9.0% annually or 0.7500%
per month for any month or part of a month that a tax is paid after the original due date of the 2022 return but before January 1, 2024. For assistance in calculating interest for tax paid on or after January 1, 2024, visit www.marylandtaxes.gov.
UNDERPAYMENT OF ESTIMATED TAX
If you do not meet the requirement for avoidance of interest for underpayment of estimated tax, obtain Form 502UP online at www.marylandtaxes.gov or from any office of the Revenue Administration Division. Complete and attach it to your amended return. Enter any interest due on line 27 of Form 502X.
If you calculated and paid interest on underpayment of estimated tax with your original return, recalculate the interest based on your amended tax return, and attach a copy of a revised Form 502UP showing your recalculation.
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SIGNATURE, ATTACHMENTS AND PAYMENT
INSTRUCTIONS.
Sign and date your return on page 4 and attach all required forms, schedules and statements.
SIGNATURES
You must sign your return. Both spouses must sign a joint return. Your signature(s) signify that your return, including all attachments, is, to the best of your knowledge and belief, true, correct and complete, under penalties of perjury.
TAX PREPARERS
If another person prepared your return, that person also must sign the return and enter their Preparer’s Tax Identification Number (PTIN). The preparer declares that the return is based on all information required to be reported of which the preparer has knowledge, under penalties of perjury. Penalties may be imposed for tax preparers who fail to sign the tax return and provide their tax identification number.
ATTACHMENTS
Be sure to attach wage and tax statements (Forms W-2 and 1099) to the front of your return if you are claiming additional Maryland withholding. Be sure to attach all forms, K-1s, schedules and statements required by these instructions. Do not attach worksheets. Enclose your check or money order, if required.
MAILING INSTRUCTIONS
Mail your return to:
Amended Return Unit
Annapolis, MD 21411-0001
PAYMENT INSTRUCTIONS
Make your check or money order payable to “Comptroller of Maryland.” Write the type of tax and year of tax being paid on your check. It is recommended that you include your Social Security number on check using blue or black ink.
DO NOT SEND CASH.
13 CHANGE OF RESIDENT STATUS.
Be sure to enter a full explanation of the change of resident status in Part III on page 4 of the amended form.
If you are changing your resident status from a resident to a
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nonresident, see Instruction 14. Complete Part III with a full explanation of your reasons for the change. A nonresident of Maryland is subject to tax on income from Maryland sources; that is, wages and salaries from services performed in Maryland, income from business carried on in Maryland, gambling winnings from Maryland sources, income from pass-through entities with Maryland income and gain or loss from the sale of property located in Maryland. Other income (interest, dividends, pensions, salaries or business income from sources outside Maryland, etc.) may be subtracted. Itemized deductions must be allocated according to the Maryland income factor. Exemptions must be prorated according to the Maryland income factor.
If you are amending to show part-year resident status, include dates of residence and indicate the other state of residence in Part III. Subtract all income received during your nonresident period. If you have any losses or adjustments to federal income that do not pertain to the resident period, you must show them as additions. Your standard deduction or itemized deductions and exemptions must be prorated according to the Maryland income factor. Be sure to enter the dates of residence in Part
IIIand attach a photocopy of the income tax return filed with the other state or states of residence. If you are changing your status from a nonresident to a resident, you must use Form 502X and follow the instructions as written.
Maryland Income Factor
You must adjust your standard or itemized deductions and exemptions based on the percentage of your income subject to Maryland tax. Divide your Maryland adjusted gross income (line 5) by your federal adjusted gross income (line 1) to figure the percentage of Maryland income to total income. Use amended amounts if either of these lines were changed. The factor cannot exceed 1 (100%) and cannot be less than zero (0%). If line 5 is 0 or less, the factor is 0. If line 5 is greater than 0 and line 1 is 0 or less, the factor is 1. Another method of allocating itemized deductions may be allowed if you receive written approval prior to the filing of your return.
14 NONRESIDENTS.
Generally, nonresident taxpayers will use Form 505X and Form 505NR to amend their return; however, nonresidents who wish to amend Form 515, must use Form 502X and a revised Form 505NR.
In addition, if you are changing from nonresident to resident status, you must use Form 502X and see Instruction 13.
15 NET OPERATING LOSS (NOL).
To claim a deduction for a federal NOL on the Maryland return, you must first calculate the NOL for federal purposes. A deduction will be allowed on the Maryland return for the amount of the loss actually used on the federal return. The amount of loss used for federal purposes is generally equal to the federal taxable income (before loss is used) or the federal modified taxable income as calculated for the year of carryback or carryforward.
An addition or subtraction modification may be required in a carryback or carryforward year when the federal NOL, or the year to which the NOL is carried, includes certain items included in certain provisions of the Internal Revenue Code from which the State of Maryland has decoupled, including items included in certain special depreciation allowances and 2-year carryback provisions (farming loss only).
An NOL generated when an individual or a business entity is
not subject to Maryland income tax law, in a tax year beginning on or after October 22, 2007, cannot be used as a deduction to offset Maryland income. For acquisitions or liquidations occurring on or after October 22, 2007, the acquiring business entity which is subject to Maryland income tax law cannot use the acquired or liquidated business entity’s NOL as a deduction to offset Maryland income, if the acquired or liquidated business entity was not subject to Maryland income tax law when its NOL was generated. An NOL being carried forward from tax years beginning before October 22, 2007 can be used until exhausted.
An addition to income may be required in a carryback or carryforward year if the total Maryland additions to income exceeds the total Maryland subtractions from income in the loss year. The required addition to income represents a recapture of the excess additions over subtractions. The addition to income required is generally equal to the lesser of the NOL deduction in the carryback year or the net addition modification (NAM) in the loss year unless the loss year includes a decoupling modification. For more information regarding NAM, refer to Administrative Release 18.
If you elect to forego a carryback for the loss year, a copy of the federal election for the loss year must be attached with the Maryland amended return.
You must attach copies of amended federal Form 1045 or 1040X, whichever was used for federal purposes, and a copy of the federal income tax return for the year of the loss. Also include Schedules A and B of Form 1045 or the equivalent worksheets used to develop the federal NOL and show the amounts used on the federal return in the carryback or carryforward years. Check the appropriate CARRY BACK or CARRY FORWARD box on page 1 of Form 502X.
16 INCOME TAX ASSISTANCE.
If you need more information, visit www.marylandtaxes. gov. You may also call 1-800-638-2937 or from Central Maryland 410-260-7980.
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Filing an amended tax return can often seem like navigating through a maze of instructions and boxes. The Maryland Form 502X is used to amend a previously filed personal income tax return for individuals who discover that they need to make changes to their income, deductions, or credits. This could be due to a variety of reasons such as overlooking a significant deduction or receiving corrected information from an employer after the original return was filed. Properly completing this form ensures that your tax liabilities are accurate, and may result in either an additional refund or a balance due. The following steps will guide you through filling out the Maryland Form 502X.
After submitting the form, it’s important to keep a copy for your records. Filing an amended return may often result in a longer processing time compared to original submissions, so patience is necessary. If expecting a refund, be aware that it may take several weeks to process. In the meantime, you can check the status of your amended return by contacting the Maryland Comptroller's Office. Remember, the goal of filing an amended return is to correct or update your tax record and ensure that you're in full compliance with state tax laws.
The Maryland Form 502X is an amended tax return form used by individuals to correct or update their previously filed Maryland income tax return. This form is necessary if you need to make changes to your income, deductions, credits, or filing status after you've already submitted your tax return for the year 2020 or any fiscal year beginning in 2020.
You should file Form 502X within three years from the date the original return was due (including any extensions) or filed, whichever is later. Several exceptions might apply, such as if your claim is based on a federal net operating loss carryback, a correction due to an IRS change, or a claim resulting from a credit for taxes paid to another state. If unsure, it’s essential to consult the specific stipulations detailed in the form's instructions regarding the filing window for amended returns.
Maryland Form 502X must be filed electronically or, if necessary, mailed to the Comptroller of Maryland, Revenue Administration Division. Before filing, ensure your federal tax return amendments are complete, as changes in your federal return can affect your Maryland return. You're required to attach a copy of your amended federal return (Form 1040X) and any other applicable documents if your federal return has been altered. Allow sufficient time after filing your original return before submitting an amendment; for current year returns, a six-week period is advised.
When amending your Maryland tax return, attach a copy of your amended federal return if you are also amending your federal taxes. This includes the federal Form 1040X and any revised schedules. Additionally, if the IRS has corrected your federal return, include a copy of the IRS notice. Any changes to your income, deductions, and credits must be explained, and supporting documents for these changes should be attached.
The form includes sections for:
While penalties primarily apply to late or incorrect tax filings, amending a return does not typically incur a penalty as long as it's filed within the statute of limitations. However, if your amendment results in additional taxes owed, interest may accrue from the original due date of the return to the date the tax is paid. Failing to report income or correct errors that result in a lower tax payment than owed could lead to penalties. Always file amendments promptly to minimize potential interest and penalties.
One common mistake is the failure to use blue or black ink. The Maryland Form 502X clearly specifies that individuals must use blue or black ink when filling out the form. This specific instruction is essential for ensuring that the document is legible and processed accurately. Ignoring this requirement can lead to processing delays or the form being returned for correction, which may affect the timely adjustment of one's tax records.
Another mistake frequently made is not checking the appropriate box indicating if an individual is a full-year resident, a part-year resident, or a nonresident. This is critical because tax liability in Maryland can vary significantly based on residency status. Incorrectly identifying one's residency status can lead to incorrect tax calculations and possibly necessitate further amendments and corrections, creating additional hassle for the taxpayer.
Many individuals fail to attach a copy of their amended federal return when required. If an amended federal return is being filed, Maryland's guidelines necessitate submitting a copy of it alongside Form 502X. This oversight can slow down the processing of the amended state return, as the state often needs to verify information against the federal amendment to ensure accuracy in the state's tax adjustment.
Forgetting to explain changes in Part III on page 4 is a common oversight. When making any adjustments or amendments, it's essential to clearly detail the reasons behind these changes for transparency and to facilitate the processing of the form. Failure to provide an explanation for the adjustments can lead to confusion, potential disputes, or the need for additional documentation, thereby delaying the finalization of the amended tax return.
Each of these mistakes can result in delays, inaccuracies, or the necessity for further correspondence with tax authorities, which can be avoided by carefully reviewing the Form 502X instructions and ensuring all required information and documentation are complete and accurate before submission.
When filing an amended tax return with the Maryland Form 502X, several other forms and documents may need to be included or considered, depending on the specifics of your situation. These forms assist in ensuring that your amended return is accurate and accounts for all necessary information.
It's important to gather all relevant documentation before starting your amendment process to ensure that your Form 502X reflects all necessary changes accurately. The Maryland Comptroller's Office requires electronic filing for certain amendments, particularly those involving business income tax credits, to streamline the processing and ensure accuracy. Always check the latest requirements and instructions directly from the Maryland Comptroller's Office or a professional tax advisor to ensure compliance and accuracy in your amended tax filing.
The Maryland 502X form, primarily designed for amending a previously submitted state tax return, bears resemblance to several federal tax documents, notably for its purpose of revising initially reported tax data. One such document is the IRS Form 1040X, which is the federal counterpart utilized by taxpayers to correct or update information on their previously filed Form 1040, 1040-A, or 1040-EZ. Both forms require the taxpayer to highlight the original amounts reported, specify the changes made, and provide the corrected totals. Additionally, the instructions for each form stress the necessity of providing detailed explanations for the amendments alongside required documentation, such as a corrected W-2, if applicable.
Another related document is the IRS Form 1045, Application for Tentative Refund. This form is used to apply for a quick refund that results from a carryback of a net operating loss (NOL), unused tax credits, or from overpayment of taxes due to a claim of right adjustment under section 1341(b)(1). While Form 1045 serves a slightly different purpose by focusing on expediting refunds for specific scenarios, it shares the amended return's underlying principle found in the Maryland 502X form of revising previously reported income tax details. The instructions for the Maryland 502X request the attachment of copies from the federal loss year return and Form 1045, signifying the interconnectedness between the state and federal processes for adjusting tax records.
When filing the Maryland 502X form, there are certain practices to follow for a smooth process:
When it comes to understanding the Maryland 502X form, also known as the Maryland Amended Tax Return for 2020, misconceptions often arise, leading to confusion or incorrect submissions. This form is designed to correct or update previously filed tax returns. Below is a list of common misunderstandings and clarifications to help guide taxpayers through the amendment process correctly.
Understanding these aspects of the Maryland 502X form helps ensure that amendments are filed correctly and efficiently, reducing the risk of delays or further corrections. Taxpayers are encouraged to thoroughly review their original and amended returns and consult the Comptroller of Maryland’s guidance or a tax professional when needed.
Filling out and using the Maryland 502X form, which is for amending a tax return, is something many taxpayers may need to do at one point or another. Here are nine key takeaways to help guide you through the process:
It’s important for taxpayers who find themselves in a position needing to amend their Maryland tax returns to thoroughly read the instructions provided with Form 502X. This includes understanding the reasons for amendments, the correct way to report changes, and the documentation required to support those changes. Submitting a well-prepared amended return can help avoid delays or questions from the Maryland Revenue Administration Division.
Maryland Charitable Solicitation Registration - A crucial aspect of the registration update is the certification by the preparer, affirming the authenticity of the information provided.
Does Maryland Have Mountains - The form clarifies the procedure for distributing funds from the Agency, ensuring recipients are aware that payments can be expedited at their request.