Maryland Payment Voucher Worksheet & Instructions

Payment Voucher Worksheet & Instructions
PV Worksheet.pdf
PAYMENT VOUCHER WORKSHEET FOR ESTIMATED TAX
AND EXTENSION PAYMENTS (PVW)

If Filing Status 2, 4, 5: If the amount computed is less

Estimated Tax Worksheet Instructions

than $3,200, enter $3,200; if the amount is between $3,200
and $4,850, enter that amount; if the amount is more than
$4,850, enter $4,850.

Purpose of declaration. The filing of a declaration of esti­

mated Maryland income tax is a part of the pay-as-you-go
plan of income tax collection adopted by the State. If you
have any income such as pensions, business income, lottery,
capital gains, interest, dividends, etc., from which no tax is
withheld, or wages from which not enough Maryland tax is
withheld, you may have to pay estimated taxes. The law is
similar to the federal law.

Itemized deductions. Enter the total of federal itemized
deductions less state and local income taxes.
Line 6. Personal exemptions. If your FAGI will be $100,000

or less, you are allowed:
a. $3,200 each for taxpayer and spouse.
b. $1,000 each for taxpayer and spouse if age 65 or over
and/or blind.
c. $3,200 for each allowable dependent, other than tax­
payer and spouse. The amount is doubled for allowable
dependents age 65 or over.
If your FAGI will be more than $100,000, see chart below
to determine the amount of exemption you can claim for
items a and c above.

Who must file a declaration. You must file a declaration of
estimated tax if you are required to file a Maryland income tax
return and your gross income would be expected to develop a
tax of more than $500 in excess of your Maryland withholding.

You must file a declaration with payment in full within 60 days
of receiving $500 or more of income from awards, prizes, lot­
teries or raffles, whether paid in cash or property if Maryland
tax has not been withheld. A married couple may file a joint
declaration. If you are filing a joint declaration, both Social
Security numbers must be entered. If filing on behalf of a
minor, the name and Social Security number of the minor
must be entered.

If you will file your tax return

When to file a declaration. You must pay at least one-fourth
of the total estimated tax on line 15 of this form on or before
April 15, 2023. The remaining quarterly payments are due
June 15, 2023, September 15, 2023 and January 15,
2024. You may pay the total estimated tax with your first
payment. If you are filing on a fiscal year basis, each payment
is due by the 15th day of the 4th, 6th, 9th and 13th months
following the beginning of the fiscal year.

If Your federal AGI is

Single or
Married Filing
Separately

Each
Exemption is
$100,000 or less

Overpayment of tax. If you overpaid your 2022 income tax
(Form 502 or 505), you may apply all or part of the over­
payment to your 2023 estimated tax. If the overpayment ap­
plied equals or exceeds the estimated tax liability for the first
quarterly payment, you are not required to file the declaration.
If the overpayment applied is less than the estimated tax
liability, you should file the declaration and pay the balance
of the first installment.
How to estimate your 2023 tax. The worksheet is designed
to develop an estimate of your 2023 Maryland and local in­
come tax. Be as accurate as you can in forecasting your 2023
income. You may use your 2022 income tax as a guide, but if
you will receive more income than you did in 2022, you must
pay at least 110% of your prior year tax to avoid interest for
underpayment of estimated tax. For the purpose of estimating,
rounding all amounts to the nearest dollar is recommended.

Joint, Head of
Household
or Qualifying
Widow(er)

Each
Exemption is

$3,200

$3,200

Over

But not
over

$100,000

$125,000

$1,600

$3,200

$125,000

$150,000

$800

$3,200

$150,000

$175,000

$0

$1,600

$175,000

$200,000

$0

$800

In excess of $200,000

$0

$0

Line 8. Maryland income tax. Use the tax rate schedules below
to compute your tax on the amount on line 7.

Nonresidents who want to estimate 2023 Maryland taxes
may use the Nonresident Estimate Tax Calculator at

For taxpayers filing as Single, Married Filing Separately, or as
Dependent Taxpayers. This rate also is used for taxpayers filing
as Fiduciaries.

www.marylandtaxes.gov.
Specific Instructions

Line 1. Total income expected in 2023 is your estimated federal
adjusted gross income.

Tax Rate Schedule I

Line 2. Net modifications. You must add certain items to your

At least:

Maryland Tax is:

If taxable net income is:

federal adjusted gross income. See Instruction 12 of the tax
instructions. You may subtract certain items from federal ad­
justed gross income. See Instruction 13 of the tax instructions.
Enter on this line the net result of additions and subtractions.
Line 4. Deductions. You may compute your tax using the

standard deduction method or the itemized deduction method.
Standard deduction. Compute 15% of line 3.

but not over:
$0

$1,000

$1,000

$2,000

than $1,600, enter $1,600; if the amount is between $1,600
and $2,400, enter that amount; if the amount is more than
$2,400, enter $2,400.

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of taxable net income

plus 3.00%

of excess over $1,000
of excess over $2,000

$2,000

$3,000

$50.00

plus 4.00%

$3,000

$100,000

$90.00

plus 4.75%

of excess over $3,000

$100,000

$125,000

$4,697.50

plus 5.00%

of excess over $100,000
of excess over $125,000

$125,000

$150,000

$5,947.50

plus 5.25%

$150,000

$250,000

$7,260.00

plus 5.50%

of excess over $150,000

$12,760.00

plus 5.75%

of excess over $250,000

$250,000

If Filing Status 1, 3, 6: If the amount computed is less

2.00%
$20.00

--

PAYMENT VOUCHER WORKSHEET FOR ESTIMATED TAX
AND EXTENSION PAYMENTS (PVW)

For taxpayers filing Joint Returns,Head of Household, or for
Qualifying Widows/Widowers.
Tax Rate Schedule II
If taxable net income is:
but not over:
At least:
$0
$1,000
$20.00
$2,000
$1,000
$2,000
$3,000
$50.00
$3,000 $150,000
$90.00
$150,000 $175,000
$7,072.50
$175,000 $225,000
$8,322.50
$225,000 $300,000
$10,947.50
-- $15,072.50
$300,000

Maryland Tax is:

plus
plus
plus
plus
plus
plus
plus

2.00%
3.00%
4.00%
4.75%
5.00%
5.25%
5.50%
5.75%

Forms and information. Can be found by visiting www.
marylandtaxes.gov, at any of the Comptroller of Maryland

branch offices, or calling 410-260-7980 from Central Maryland
or 1-800-MD -TAXES from elsewhere.
Electronic filin g. You may file and pay

Baltimore County ........ .0320
Calvert County .......... .0300
Caroline County ......... .0320
Carroll County .......... .0303
Cecil County ........... .0280
Charles County ......... .0303
Dorchester County ....... .0320

your 2023 estimated taxes electronically
by using our i File program. There, you
will have the ability to make one single
estimated payment or schedule all of your
payments at one time. These scheduled
payments will be deducted from your bank
account on the dates that you specify.Visit

Frederick County ...... .0296**

https:/fwww.marylandtaxes.gov/
online-services/individuals.php

Garrett County. ......... .0265
Harford County ......... .0306
Howard County ......... .0320
Kent County ........... .0320
Montgomery County ...... .0320
Prince George's County.... .0320
Queen Anne's County ..... .0320
St. Mary's County ....... .0300
Somerset County ........ .0320
Talbot County .......... .0240
Washington County ...... .0295
Wicomico County ........ .0320
Worcester County ........ .0225

ALTERNATIVE PAYMENT METHODS

For alternative methods of payment,such as a credit card,visit

www.marylandtaxes.gov.

Payment by check or money order. Make your check or money
order payable to Comptroller of Maryland. Use blue or black ink.
Write the type of tax, year of tax and tax being paid on your
check. It is recommended that you include your Social Security
number on check.DO NOT SEND CASH.
File and pay your estimated tax online. Scan this code
with your mobile phone or tablet's QR Reader. Free
readers are available at your favorite APP store.

Nonresidents use ...... .0225

Filin g a return instead of fourth payment. Instead of
making the fourth declaration payment on or before January
15, 2024, you may file and pay the balance of tax due on
or before January 31, 2024.
NOTE

**

Anne Arundel Co. The local tax rates for taxable year

2023 are as follows:

(2)

.0281 of an individual's Maryland taxable income in
excess of $50,000.

Frederick Co. The local tax rates for taxable year 2023

are as follows:
(1)

.0296 for all other taxpayers.

Chan ges in income or exemptions. Your situation may not
require you to file a declaration on April 15, 2023. However,
a large increase in income after that date may require you to
file a declaration. If at any time during the year you need to
amend your original declaration, simply increase or decrease
the remaining payments.

Anne Arundel County ... .0281*

.0270 of an individual's Maryland taxable income of
$1 through $50,000; and

(3)

March 1, 2024.

Baltimore City .......... .0320
Allegany County ......... .0303

(1)

.0275 for taxpayers with Maryland taxable income
of $50,000 or less and a filing status of single,
married filing separately, and dependent; and

Farmers and fishermen. If your estimated gross income from
farming or fishing is at least two -thirds of your total estimated
gross income for the year, special provisions may apply. Your
2023 declaration and full payment of the estimated tax are
due on or before January 15, 2024. You do not have to
file the declaration if you file your complete tax return (Form
502 or 505) and pay the full amount of tax due on or before

of taxable net income
of excess over $1,000
of excess over $2,000
of excess over $3,000
of excess over $150,000
of excess over $175,000
of excess over $225,000
of excess over $300,000

Line 11. Local or special nonresident income tax. Maryland
counties and Baltimore City levy an income tax on residents
that is a percentage of taxable net income. The amount you
entered on line 7 is your taxable net income. Multiply that
amount by your local tax rate (see below ) and enter on line 11.

*

(2)

.0275 for taxpayers with Maryland taxable income
of $100,000 or less and a filing status of married
filing joint, head of household, and qualifying
widow(er ) with dependent child;

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PAYMENT VOUCHER WORKSHEET FOR ESTIMATED TAX
AND EXTENSION PAYMENTS (PVW)

Extension Worksheet Instructions

It is recommended that you include your Social Security
number on check using blue or black ink and attach to
Form PV.

Who must file for an extension?

If you cannot complete and file your Form 502, 505, 510C or
515 by the due date, you should complete the Tax Payment
Worksheet to determine if you must file for an extension. If
line 6 of the worksheet shows you owe tax, you must file
Form PV and pay the full amount due by April 15, 2023, (or
the 15th day of the fourth month following the close of the
tax year). If the due date falls on a Saturday, Sunday or legal
holiday, the return must be filed by the next business day.

Mail to: Payment Processing

PO Box 8888
Annapolis, MD 21401-8888

Will I owe penalties and interest?

You will owe interest on tax not paid by the regular due date
of your return. T he interest will accrue until you pay the tax.
Even if you had a good reason for not paying on time, you will
still owe interest.

NOTE: Filing an extension does not extend the time for

If tax and interest are not paid promptly, a penalty will be as­
sessed on the tax.

paying your taxes.

Do not file for an extension if, after completing the
PVW, you find that you do not owe additional tax.

Should I attach a copy of the extension form to my
Form 502, 505, or 515?

However, be aware that if an unpaid liability is disclosed
when you file your return, you may owe penalty and interest
charges in addition to the tax. See "Will I owe penalties

No, Form PV has replaced the extension Form 502E.
If you need assistance:

and interest?".

Automatic Maryland six-month extension

• Visit www.marylandtaxes.gov; or

If you filed a federal extension and expect to owe zero tax
to Maryland we grant you an automatic six-month extension
of time to file your Form 502, 505, 510C or 515. You are

• Email [email protected]; or
• Contact our Taxpayer Services Division by calling 1-800638-2937 or from Central Maryland 410-260-7980.

not required to file for an extension in order to obtain
this automatic extension. However, you should use Form

To file and pay your extension electronically, visit

www.marylandtaxes.gov/online-services/individuals.php.

PV to pay any tax due of forms 502, 505, and 515, but you
should use Form EL102B to pay any tax due or payment with
extension of Form 510C in order to avoid any late-payment
penalty and interest on tax not paid by April 15, 2023.
Note: In the case of Form 510C, the PVW must be completed

to estimate the payment.

Requesting a Maryland extension when not requesting
a federal extension:

(1) Request your extension by telefile at 410-260-7829 from
Central Maryland or 1-800-260-3664 from elsewhere; or,
(2) Request your extension at www.marylandtaxes.gov.
When should I mail Form PV without a payment?

Never.
When requesting an extension beyond six months, how
should I file?

No extension request will be granted for more than six
months, except in the case of individuals who are out of the
United States. Even when an individual is out of the U.S. an
extension will not be granted for more than one year. An
extension request for beyond six months without a payment
should be filed by telefile or on our website. For more infor­
mation, visit www.marylandtaxes.gov.
When should I file?

If you owe any tax, file Form PV along with your payment
on or before April 15, 2023. If you are filing on a fiscal year
basis, file by the regular due date of your return. If any due
date falls on a Saturday, Sunday or legal holiday, the return
and payment must be filed by the next business day.
How should I file?

For an extension request with payment, use electronic
funds withdrawal (direct debit) from savings or check­
ing account, or to make payment(s) by credit card, visit
www.marylandtaxes.gov; otherwise, make check or money
order payable to: COMPTROLLER OF MARYLAND.

35

PAYMENT VOUCHER WORKSHEET FOR ESTIMATED TAX
AND EXTENSION PAYMENTS (PVW)

ESTIMATED TAX WORKSHEET
IMPORTANT: Review the instructions before completing this form. If you are using this form for subsequent estimated payments
and you previously have calculated the amounts you must pay for each quarter, you do not need to complete this worksheet. DO
NOT MAIL THIS WORKSHEET T O THE REVENUE ADMINISTRATION DIVISION.

1. Total income expected in 2023 (federal adjusted gross income ) ..........................1. _______
2. Net modifications (See instructions.) ............................................2. _______
3. Maryland adjusted gross income (line 1, plus or minus line 2 ) ...........................3. _______
4. Deductions:

a. If standard deduction is used, see instructions.
b. If deductions are itemized, enter total of federal itemized deductions less state and
local income taxes........................................................4. _______

5. Maryland net income (Subtract line 4 from line 3.) ...................................5. _______
6. Personal exemptions (See instructions.) ..........................................6. _______
7. Taxable net income (Subtract line 6 from line 5.) ....................................7. _______
8. Maryland income tax (See instructions.) ..........................................8. _______
9. Personal and business income tax credits .........................................9. _______
10. Subtract line 9 from line 8 (If less than 0, enter 0.)..................................10. _______
11. Local income tax or special nonresident income tax: Multiply line 7 by

.o __

(See instructions.) ........................................................11. _______

12. Local income tax credit .....................................................12. _______
13. Total 2023 Maryland and local income tax (Subtract line 12 from the sum of lines 10 and 11.) ...13. _______
14. Maryland income tax to be withheld during the year 2023 .............................14. _______
15. Total estimated tax to be paid by declaration (Subtract line 14 from line 13.) ...............15. _______
16. Amount to be submitted with Form PV (Divide line 15 by 4.)........................16. _______
For payment by credit card, visit www.marylandtaxes.gov.

EXTENSION WORKSHEET
Line 4 - Estimated allowable credits

Line 1 - Income tax

Enter the total amount of income tax you expect to owe. Use
Form 502, 505, 510C or 515 as a worksheet.

Enter allowable tax credits.

Line 2 - Withholding

Add lines 2 through 4 and enter the total on line 5.

Line 5 - Total payments and credits

Enter the amount of Maryland income tax withheld from your
wages for the tax year.

Line 6 - Tax due

Subtract line 5 from line 1. Enter the result on line 6. T his
is your tax due. If it is $1 or more, file this form and attach
your payment. If the tax due is less than $ 1, stop. No payment
is required.

Line 3 - Estimated income tax payments

Enter the total amount of Maryland estimated payments you
paid with Form PV or 502DEP for the tax year. Include any
2021 overpayment credited to your 2022 tax and any amount
paid on your behalf with Form MW506NRS.

Line 7 - Amount to be submitted with Form PV.

1. Income tax you expect to owe................................................. 1. _______
2. Maryland income tax withheld ................................................. 2. _______
3. Maryland estimated payments and amount credited from 2021.......................... 3. _______
4. Allowable tax credits ....................................................... 4. _______
5. Total payments and credits. Add lines 2 through 4................................... 5. _______
6. Tax due - Subtract line 5 from line 1 ............................................ 6. _______
7. Amount to be submitted with Form PV ....................................... 7. _______
If filing and paying electronically or by credit card, do not submit Form PV.

36