Maryland Form 505 – Fill Out and Use This PDF

The Maryland 505 form is designed for nonresidents who need to file a state income tax return for the fiscal year. This form allows individuals to report their income, calculate their tax liability, and claim any applicable deductions or credits. Whether you're navigating through your tax obligations for the first time or you're seasoned in filing returns, understanding the intricacies of the Maryland 505 form is crucial for ensuring compliance and optimizing your tax outcomes. Ensure your tax process is seamless by clicking the button below to fill out the form.

Get Form Now Download PDF

Maryland Form 505 PDF Details

In the landscape of state taxation, navigating the filing requirements for nonresidents can pose a unique challenge. The Maryland Form 505, also known as the Nonresident Income Tax Return, exemplifies this, serving as a vital document for individuals who have earned income in Maryland without establishing residency within the state for the tax year. Starting with the basics, this form captures essential information, such as social security numbers, addresses, and the filing status of the taxpayer and, if applicable, their spouse. Further complexity is added as it delves into exemptions, encompassing categories for the filer, their spouse, dependents, and other dependents, all of which impact the exemption amount calculated. A crucial aspect of the form is the differentiation between Maryland income and non-Maryland income, guiding nonresidents through the process of accurately reporting earnings and ensuring the state's tax obligations are met. In addition to reporting income, the form facilitates the taxpayer's choice between standard and itemized deductions, a decision that can significantly affect the taxable income reported. Beyond these nuts and bolts, the form also addresses potential additions and subtractions to income, accommodating a variety of financial situations and adjustments. Advanced sections further allow for the calculation of Maryland tax, including special nonresident tax rates, adjustments for exemptions, and a suite of credits, ranging from the earned income credit to business tax credits. Alongside the core tax calculations, the 505 form provides spaces for contributions to charitable causes, details on tax payments already made, and stipulations for direct deposit of refunds, encapsulating a broad spectrum of tax filing elements within a single document. Its detailed structure not only underscores Maryland's approach to taxing nonresident income but also provides a framework through which taxpayers can navigate their obligations with clarity.

Question	Answer
Form Name	Maryland Form 505
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	505 form 505 maryland nonresident instructions 2012

Form Preview Example

FORM MARYLAND NONRESIDENT 505 INCOME TAX RETURN

OR FISCAL YEAR BEGINNING

2005, ENDING

2005

SOCIAL SECURITY #		SPOUSE’S SOCIAL SECURITY #

Your First Name	Initial	Last Name

Spouse’s First Name	Initial	Last Name

PRESENT ADDRESS (No. and street)

City or Town		State	Zip Code

YOUR FILING STATUS—See Instruction 4 to determine if you are required to file.

EXEMPTIONS — See Instruction 10

Exemption Amount

1. ☐ Single (If you can be claimed on another person’s tax return, use Filing Status 6)

(A) Yourself ☐

Spouse ☐

Enter No.

(A)

× $2,400

$ ______________

Checked

2. ☐ Married filing joint return or spouse had no income

Check here if you are:

Spouse is:

(B) ▶ ☐ ▶ ☐

▶ ☐ ▶ ☐

Enter No.

(B)

× $1,000

$ ______________

▶ 3. ☐ Married filing separately

65 or over

Blind

65 or over

Blind

Checked

4. ☐ Head of household

SPOUSE’S SOCIAL SECURITY NUMBER

Enter

× $2,400

$ ______________

(C)

5. ☐ Qualifying widow(er) with dependent child

Total

Name(s)

Social Security number(s)

6. ☐ Dependent taxpayer (Enter 0 in Exemption Box (A)—See Instruction 8 )

________________________________ __ __ __-__ __-__ __ __ __

RESIDENCE INFORMATION—See Instruction 9

________________________________ __ __ __-__ __-__ __ __ __

Enter your state of legal residence.

Were you a resident for the entire year of 2005?

________________________________ __ __ __-__ __-__ __ __ __

_____________________________

Yes ☐ No ☐

If no, attach explanation.

(D) Other Dependents:

Enter

(D)

× $2,400

$ ______________

No.

Total

Are you or your spouse a member of the military? Yes ☐

No ☐

Regular

65 or over

Did you file a Maryland income tax return for 2004?

Yes ☐

No ☐

Name(s) and Relationship(s)

Social Security number(s)

________________________________ __ __ __-__ __-__ __ __ __

If “Yes,” was it a ☐ Resident or a ☐ Nonresident return?

________________________________ __ __ __-__ __-__ __ __ __

Advise dates you resided within Maryland for 2005. If none, enter “NONE.”

(E) Enter Total Exemptions

▶ (E)

Total

FROM _____________________

TO _____________________

$ _____________

(Add A, B, C and D)

Amount

See Instruction 4 if you’re filing for Maryland taxes withheld in error.

FEDERAL

MARYLAND

NON-MARYLAND

INCOME AND ADJUSTMENTS INFORMATION (See Instruction 11)

INCOME (LOSS)

		1.	Wages, salaries, tips, etc		1
		1.	Wages, salaries, tips, etc	. .
		2.	Taxable interest income		2
		2.	Taxable interest income	. .
		3.	Dividend income		3
		3.	Dividend income	. .
		4.	Taxable refunds, credits or offsets of state and local income taxes . . . .		4
		4.		. .
wageyouroftop	staple.ONE	5.	Alimony received		5
		5.	Alimony received	. .
		6.	Business income or (loss)		6
		6.	Business income or (loss)	. .
		7.	Capital gain or (loss)		7
		7.	Capital gain or (loss)	. .
		8.	Other gains or (losses) (from federal Form 4797)		8
		8.	Other gains or (losses) (from federal Form 4797)	. .
		9.	Taxable amount of pensions, IRA distributions, and annuities		9
		9.		. .
ORDERMONEYorCHECKyourPlaceon	hereattachandstatementstaxandwith	10.	Rents, royalties, partnerships, estates, trusts, etc. (Circle appropriate item)		10
		10.		. .
		11.	Farm income or (loss)		11
		11.	Farm income or (loss)	. .
		12.	Unemployment compensation (insurance)		12
		12.	Unemployment compensation (insurance)	. .
		13.	Taxable amount of social security and tier 1 railroad retirement benefits		13
		13.		. .
		14.	Other income (including lottery or other gambling winnings)		14
		14.	Other income (including lottery or other gambling winnings)	. .
		15.	Total income (Add lines 1 through 14)		15
		15.	Total income (Add lines 1 through 14)	. .
		16.	Total adjustments to income from federal return (IRA, alimony, etc.) . . . .		16
		17.	Adjusted gross income (Subtract line 16 from 15)	▶ 17
		17.	Adjusted gross income (Subtract line 16 from 15)
		ADDITIONS TO INCOME (See Instruction 12)				Dollars	Cents
		ADDITIONS TO INCOME (See Instruction 12)
		18.	Non-Maryland loss			18
		18.	Non-Maryland loss	. . .	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
		19.	Other (Enter code letter(s) from Instruction 12)			19
		19.	Other (Enter code letter(s) from Instruction 12)	. . .	. . . . . . . . . . .
		20.	Total additions (Add lines 18 and 19)		▶	20
		20.	Total additions (Add lines 18 and 19)	. . .	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
		21.	Total federal adjusted gross income & Maryland additions (Add lines 17 (Column 1) and 20)			21
		SUBTRACTIONS FROM INCOME (See Instruction 13)

			22
22.	Non-Maryland income
			23
23.	Other (Enter code letter(s) from Instruction 13)
		▶	24
24.	Total subtractions (Add lines 22 and 23)
25.	Maryland adjusted gross income (Subtract line 24 from line 21)		25

DEDUCTION METHOD (All taxpayers must select one method and check the appropriate box)

☐ 26a

STANDARD DEDUCTION METHOD See Instruction 15 and worksheet. Enter amount on line 26a ▶

ITEMIZED DEDUCTION METHOD Complete lines 26b, c and d☐

26b

Total federal itemized deductions (from line 28 federal Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26c

State and local income taxes included in federal Schedule A, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26d

Net itemized deductions (Subtract line 26c from line 26b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26. Deduction amount (Multiply lines 26a or 26d by the MD income factor) 26e.		(from worksheet in Instruction 14 ) . . .	▶

COM/RAD-022 05-49

FORM		MARYLAND NONRESIDENT
505		MARYLAND NONRESIDENT
505		INCOME TAX RETURN
	2005
		Name ___________________________________________ SS# ____________________________________________
27.	Net income (Subtract line 26 from line 25)
28.	Total exemption amount (from EXEMPTIONS area, page 1) See Instruction 10
29.	Enter your Maryland income factor (from worksheet in Instruction 14)
30.	Maryland exemption allowance (Multiply line 28 by line 29)
31.	Taxable net income (Subtract line 30 from line 27) Figure tax on this amount

MARYLAND TAX COMPUTATION

32a. Maryland tax (from Tax Table or Computation Worksheet) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32b. Special nonresident tax. Multiply line 31 by .0125 (1.25%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32c. Total Maryland tax. (Add lines 32a and 32b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

▶

33.	Earned income credit from worksheet in Instruction 20			.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
34.	Poverty level credit from worksheet in Instruction 20															▶
34.	Poverty level credit from worksheet in Instruction 20		.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
35.	Other income tax credits for individuals from Part G, line 8 of Form 502CR. (Attach Form 502CR)
36.	Business tax credits (Attach Form 500CR)															▶
36.	Business tax credits (Attach Form 500CR)		.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
37.	Total credits (Add lines 33 through 36)			.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
38.	Maryland tax after credits (Subtract line 37 from line 32c) If less than 0, enter 0. . . .							. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
																▶
39.	Contribution to Chesapeake Bay and Endangered Species Fund (See Instruction 21)															▶
39.								. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
40.	Contribution to Fair Campaign Financing Fund (See Instruction 21)															▶
40.				.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
41.	Contribution to Maryland Cancer Fund (See Instruction 21)															▶
41.	Contribution to Maryland Cancer Fund (See Instruction 21)			.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
42.	Total Maryland income tax and contributions (Add lines 38 through 41)				. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
																▶
43.	Total Maryland tax withheld (Enter total from and attach your W-2 and 1099 forms if MD tax is withheld)															▶
43.													. .
44.	2005 estimated tax payments, amount applied from 2004 return and payment made with an extension request Form 502E															▶
44.													. .
45.	Refundable earned income credit from worksheet in Instruction 20															▶
45.				.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
46.	Nonresident tax paid by pass-through entities (Attach Schedule K-1 or other statement)														▶
46.
47.	Refundable income tax credits from Part H, line 5 of Form 502CR (Attach Form 502CR. See Instruction 22)														. .
48.	Total payments and credits (Add lines 43 through 47)			.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .

																▶
49.	Balance due (If line 42 is more than line 48, subtract line 48 from line 42)															▶
49.				.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
50.	Overpayment (If line 42 is less than line 48, subtract line 42 from line 48)															▶
50.				.	. . .	. . . . .		. . .	. .	. . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . .				. .
51.	Amount of overpayment TO BE APPLIED TO 2006 ESTIMATED TAX						▶	51
51.	Amount of overpayment TO BE APPLIED TO 2006 ESTIMATED TAX			.	. . . .		.

52.	Amount of overpayment TO BE REFUNDED TO YOU (Subtract line 51 from line 50)											REFUND ▶
52.
53.	Interest charges from Form 502UP		or for late filing								(See Instruction 23) Total					▶
53.	Interest charges from Form 502UP		or for late filing								(See Instruction 23) Total					▶
54.	TOTAL AMOUNT DUE (Add line 49 and line 53)			IF $1 OR MORE, PAY IN FULL WITH THIS RETURN.

For credit card payment check here		and see Instruction 25. Direct debit is available only if you file electronically.

DollarsCents

32a

32b

32c

DIRECT DEPOSIT OF REFUND (See Instruction 23) Please be sure the account information is correct.

55. To choose the direct deposit option, complete the following information:

55a. Type of account: ▶

Checking

Savings

55b. Routing number ▶

55c. Account number ▶

Daytime telephone no.		Home telephone no.	CODE NUMBERS (3 digits per box)

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and			Make checks payable to: COMPTROLLER OF MARYLAND.
statements and to the best of my knowledge and belief it is true, correct and complete. If prepared by a person			It is recommended that you include your social security no. on
other than taxpayer, the declaration is based on all information of which the preparer has any knowledge. Check			check using blue or black ink. Mail to: Comptroller of Maryland,
here	if you authorize your preparer to discuss this return with us.		Revenue Administration Division, Annapolis, Maryland 21411-0001

Your signature

Date

▶

Preparer’s SSN or PTIN

Signature of preparer other than taxpayer

Spouse’s signature

Date

Address and telephone number of preparer

COM/RAD-022 05-49

How to Edit Maryland Form 505 Online for Free

You could fill in Maryland Form 505 effortlessly by using our online tool for PDF editing. To maintain our editor on the cutting edge of practicality, we work to put into operation user-oriented capabilities and improvements regularly. We're routinely grateful for any feedback - join us in remolding the way you work with PDF files. Here is what you would need to do to get started:

Step 1: Press the orange "Get Form" button above. It is going to open our pdf tool so that you can start filling in your form.

Step 2: When you open the PDF editor, you will see the form ready to be filled in. In addition to filling in various blanks, it's also possible to perform many other things with the file, such as adding custom text, editing the original text, inserting graphics, signing the PDF, and a lot more.

This PDF form will need you to type in specific information; in order to ensure accuracy and reliability, please pay attention to the recommendations directly below:

1. The Maryland Form 505 necessitates particular details to be entered. Make certain the next blanks are filled out:

Maryland Form 505 writing process shown (part 1)

2. Once your current task is complete, take the next step – fill out all of these fields - Maryland adjusted gross income, See Instruction if youre filing, Other Enter code letters from, Total additions Add lines and, Total federal adjusted gross, NonMaryland income, Other Enter code letters from, Total subtractions Add lines and, e g a w, r u o y, f o, p o t, n o R E D R O Y E N O M, r o K C E H C, and r u o y with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Filling out segment 2 of Maryland Form 505

3. Completing STANDARD DEDUCTION METHOD See, ITEMIZED DEDUCTION METHOD Complete, Total federal itemized deductions, State and local income taxes, Net itemized deductions Subtract, and Deduction amount Multiply lines a is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Simple tips to complete Maryland Form 505 part 3

4. You're ready to fill in the next segment! In this case you will have these MARYLAND NONRESIDENT, INCOME TAX RETURN, Name SS, Dollars, Cents, Net income Subtract line from, Total exemption amount from, Enter your Maryland income factor, Maryland exemption allowance, Taxable net income Subtract line, MARYLAND TAX COMPUTATION, a Maryland tax from Tax Table or, b Special nonresident tax Multiply, c Total Maryland tax Add lines a, and Earned income credit from fields to fill out.

Step number 4 for filling out Maryland Form 505

5. Last of all, the following last part is precisely what you should finish prior to finalizing the PDF. The blanks in question are the following: Contribution to Maryland Cancer, Total Maryland income tax and, Total Maryland tax withheld Enter, estimated tax payments amount, Refundable earned income credit, Nonresident tax paid by, Refundable income tax credits, Total payments and credits Add, Balance due If line is more than, Overpayment If line is less than, Amount of overpayment TO BE, Amount of overpayment TO BE, REFUND, Interest charges from Form UP or, and See Instruction Total.

Maryland Form 505 writing process explained (step 5)

A lot of people generally make some errors when filling out Refundable income tax credits in this section. Don't forget to revise everything you enter right here.

Step 3: Go through the details you've inserted in the blanks and then hit the "Done" button. Join us now and instantly get access to Maryland Form 505, set for downloading. All alterations made by you are preserved , letting you modify the pdf at a later stage if necessary. FormsPal is invested in the confidentiality of our users; we always make sure that all personal information coming through our tool is kept confidential.

Maryland Form 505 – Fill Out and Use This PDF

Maryland Form 505 PDF Details

Form Preview Example

How to Edit Maryland Form 505 Online for Free

Maryland Form 505 isn’t the one you’re looking for?

Related Documents