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Maryland Other Subtractions

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Maryland Other Subtractions

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OTHER SUBTRACTIONS FROM INCOME. If one or more of these apply to you, enter the total amount and identify each item using the code letter.

a. Payments to firemen and policemen for job-related injuries or disabilities (but not more than the amount of such payments included in your total income).
b. Net allowable subtractions from income from pass-through entities, not attributable to decoupling.
c. Net subtractions from income reported by a fiduciary.
d. Distributions of accumulated income by a fiduciary, if income tax has been paid by the fiduciary to the State (but not more than the amount of such income included in your total income).
e. Profit (without regard to losses) from the sale or exchange of bonds issued by the State or local governments of Maryland.
f. Benefits received from a Keogh plan on which State income tax was paid prior to 1967. Attach statement.
g. Amount of wages and salaries which were not allowed as a business expense because you took the federal Targeted Jobs Credit (Work Opportunity Tax Credit).
h. Expenses up to $5,000 incurred by a blind person for a reader, or up to $1,000 incurred by an employer for a reader for a blind employee.
i. Expenses incurred for reforestation or timber stand improvement of commercial forest land. Qualifications and instructions are on Form DNR-393, available from the Department of Natural Resources, telephone 410-260-8531.
j. The amount added to taxable income for the use of an official vehicle by a member of a state, county or local police or fire department. The amount is stated separately on your W-2 form.
k. Up to $6,000 in expenses incurred by parents to adopt a child with special needs through a public or nonprofit adoption agency and up to $5,000 in expenses incurred by parents to adopt a child without special needs.
l. Purchase and installation costs of certain conservation tillage equipment as certified by the Maryland Department of Agriculture. Attach a copy of the certification.
m. Deductible artist's contribution. Attach a copy of Maryland Form 502AC.
n. Payment received under a fire, rescue, or ambulance personnel length of service award program that is funded by any county or municipal corporation of the State.
o. The value of farm products you donated to a gleaning cooperative as certified by the Maryland Department of Agriculture. Attach a copy of the certification.
p. Up to $15,000 of military pay included in your federal adjusted gross income that you received while in the active service of any branch of the armed forces and which is attributable to service outside the boundaries of the U.S. or its possessions. To compute the subtraction, follow the directions on the MILITARY OVERSEAS INCOME WORKSHEET. If your total military pay exceeds $30,000, you do not qualify for the subtraction.
q. Unreimbursed vehicle travel expenses for:
1. A volunteer fire company;
2. Service as a volunteer for a charitable organization whose principal purpose is to provide medical, health or nutritional care; AND
3. Assistance (other than providing transportation to and from the school) for handicapped students at a Maryland community college. Attach Maryland Form 502V to claim this subtraction from income.
r. Amount of pickup contribution shown on Form 1099R from the state retirement or pension systems included in federal adjusted gross income. The subtraction is limited to the amount of pickup contribution stated on the 1099R or the taxable pension, whichever is less. Excess contribution may be carried forward to the next year.
s. The amount of interest and dividend income (including capital gain distributions) of a dependent child which the parent has elected to include in the parentÆs federal gross income under Internal Revenue Code Section 1(g)(7).
t. Payments received from the State of Maryland under Title 12 Subtitle 2 of the Real Property Article

u. Up to $5,000 of military retirement income received by a qualifying individual during the tax
year. See Instruction 13 on who is a qualifying individual

v. The Honorable Louis L. Goldstein Volunteer Police, Fire, Rescue and Emergency Medical
Services Personnel Subtraction Modification Program. Attach a copy of the certification.

w. Code w is not being used this year. Please see Code

xa. Up to $2,500 per contract purchased for advanced tuition payments made to the Maryland
Prepaid College Trust. See Administrative Release 32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
xb. Up to $2,500 per account holder per beneficiary of the total of all amounts contributed to
investment accounts under the Maryland College Investment Plan and Maryland Broker-Dealer
College Investment Plan. See Administrative Release 32.. . . . . . . . . . . . . . . . . . . . . . . . . . . .
y. Any income that is related to tangible or intangible property that was seized, misappropriated
or lost as a result of the actions or policies of Nazi Germany towards a Holocaust victim. . . . .
z. Expenses incurred to buy and install handrails in an existing elevator in a qualified healthcare
facility or other building in which at least 50% of the space is used for medical purposes. . . . .
aa. Payments from a pension system to the surviving spouse or other beneficiary of a law
enforcement officer or firefighter whose death arises out of or in the course of their
employment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ab. Income from U.S. Government obligations (See Instruction 13.). . . . . . . . . . . . . . . . . . . . . . .
bb. Net subtraction modification to Maryland taxable income when claiming the federal depreciation
allowances from which the State of Maryland has decoupled. Complete and attach Form
500DM. See Administrative Release 38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
cc. Net subtraction modification to Maryland taxable income when using the federal special 5-year
carryback period for a net operating loss under federal law compared to Maryland taxable
income without regard to federal provisions. Complete and attach Form 500DM. See
Administrative Release 38.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
cd. Net subtraction modification to Maryland taxable income resulting from the federal ratable
inclusion of deferred income arising from business indebtedness discharged by reacquisition of
a debt instrument. Complete and attach Form 500DM. See Administrative Release 38. . . . . . .
dd. Income derived within an arts and entertainment district by a qualifying residing artist.
Complete and attach Form 502AE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
dm. Net subtraction modification from multiple decoupling provisions. Complete and attach Form
500DM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
dp. Net subtraction decoupling modification from a pass-through entity. Complete and attach Form
500DM. See Administrative Release 38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ee. Amount received as a grant under the Solar Energy Grant Program administered by the
Maryland Energy Administration but not more than the amount included in your total income. .
ff. Amount of the cost difference between a conventional on-site sewage disposal system and a
system that utilizes nitrogen removal technology, for which the Department of Environment’s
payment assistance program does not cover.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
hh. Net subtraction to adjust phase out of exemptions as a result of including U.S. obligations in
your adjusted gross income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ii. Interest on any Build America Bond that is included in your federal adjusted gross income. See
Administrative Release 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
jj. Gain resulting from a payment from the Maryland Department of Transportation as a result of
the acquisition of a portion of the property on which your principal residence is located. . . . . .
kk. Qualified conservation program expenses up to $500 for an application approved by the
Department of Natural Resources to enter into a Forest Conservation and Management Plan. . .
ll. Payment received as a result of a foreclosure settlement negotiated by the Maryland Attorney
General. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
mm. Amount received by a claimant for noneconomic damages as a result of a claim of unlawful
discrimination. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1. TOTAL. Add lines a through mm and enter this amount on line 13 of Form 502 with the
appropriate code letters. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

 


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Views: 1126 Created on: Jun 15, 2013
Date updated: Nov 25, 2014

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