Maryland Maryland Personal Declaration of Estimated Income Tax (DISCONTINUED)

Maryland Personal Declaration of Estimated Income Tax (DISCONTINUED)
TaxYear-2017-502D.pdf
MARYLAND
FORM

502D

2017

PERSONAL
DECLARATION OF
ESTIMATED INCOME TAX

OR FISCAL YEAR BEGINNING	

2017, ENDING	
CHECK HERE IF THIS IS
A CHANGE OF ADDRESS 	

Your Social Security Number 	

Spouse's Social Security Number

Your First Name		
Print Using Blue or Black Ink Only

CHECK HERE IF THIS IS
A JOINT DECLARATION

Initial	

Your Last Name		

Spouse's First Name	

Initial	

Spouse's Last Name

For Office Use Only
ME

YE

EC

EC

Current Mailing Address - Line 1 (Street No. and Street Name or PO Box)

Current Mailing Address - Line 2 (Apt No., Suite No., Floor No.)

City or Town	

State	

ZIP Code	

IF YOU DO NOT ELECT TO FILE ELECTRONICALLY, USE THIS FORM TO REMIT ANY PAYMENT DUE AT THIS TIME. Additional copies of this form are
available at www.marylandtaxes.com.

IMPORTANT: Please 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.

STAPLE CHECK HERE

ESTIMATED TAX WORKSHEET

	

1.	 Total income expected in 2017 (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 .0
		 (See instructions.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
	12.	Local income tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
	 13.	 Total 2017 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 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
	 15.	 Total estimated tax to be paid by declaration (Subtract line 14 from line 13.) . . . . . . . . . . . . . . 15.
	 16.	 Amount to be submitted with declaration (Divide line 15 by 4.) . . . . . . . . . . . . . . . . . . . . . . . . 16.
		 For payment by credit card see payment instructions. Make checks payable to "Comptroller of Maryland."
	
	
	

		 ESTIMATED TAX PAID FOR 2017 WITH THIS DECLARATION
		 (If filing and paying electronically or by credit card, do not submit this form.) . . . . . . . .

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$

MARYLAND
FORM

502D

2017

PERSONAL DECLARATION
OF ESTIMATED INCOME TAX
INSTRUCTIONS

Purpose of declaration The filing of a declaration of estimated
Maryland income tax is a part of the pay-as-you-go plan of
income tax collec­
tion 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.
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,
lotteries 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 Filing Status 2, 4, 5: If the amount computed is less than
$3,000, enter $3,000; if the amount is between $3,000 and
$4,000, enter that amount; if the amount is more than $4,000,
enter $4,000.
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
taxpayer 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.

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, 2017. The remaining quarterly payments are due
June 15, 2017, September 15, 2017 and January 15,
2018. You may pay the total estimated tax with your first
payment, if you wish. 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

Overpayment of tax If you overpaid your 2016 income tax
(Form 502 or 505), you may apply all or part of the
overpayment to your 2017 ­
estimated tax. If the over­
payment
applied 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.

Specific Instructions:
Line 1. Total income expected in 2017 is your estimated
federal adjusted gross income.
Line 2. Net modifications. You must add certain items to your
federal adjusted gross income. See Instruction 12 of the tax
instructions. You may subtract certain items from federal
adjusted 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.

Single or
Married Filing
Separately
Each
Exemption is

Joint, Head of
Household
or Qualifying
Widow(er)
Each
Exemption is

$3,200

$3,200

$100,000 or less

How to estimate your 2017 tax The worksheet is designed
to develop an estimate of your 2017 Maryland and local income
tax. Be as accurate as you can in forecasting your 2017
income. You may use your 2016 income tax as a guide, but if
you will receive more income than you did in 2016, 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.
Nonresidents who want to estimate 2017 Maryland taxes may
use the Nonresident Estimate Tax Calculator at
www.marylandtaxes.com.

Page 1

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.
For taxpayers filing as Single, Married Filing Separately, or as
Dependent Taxpayers. This rate also is used for taxpayers filing
as Fiduciaries.
Tax Rate Schedule I
If taxable net income is:	

Maryland Tax is:

At least:		but not over:					
	

$0 	

	

$1,000 	

$2,000 	

$1,000 			

2.00%	

of taxable net income

$20.00 	 plus	 3.00%	

of excess over $1,000

	

$2,000 	

	

$3,000 	

$50.00 	 plus	 4.00%	

of excess over $2,000

$3,000 	 $100,000 	

$90.00 	 plus	 4.75%	

	 $100,000 	 $125,000 	

of excess over $3,000

$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%	

Standard deduction. Compute 15% of line 3.

	 $150,000 	 $250,000 	

$7,260.00 	 plus	 5.50%	

of excess over $150,000

If Filing Status 1, 3, 6: If the amount computed is less than
$1,500, enter $1,500; if the amount is between $1,500 and
$2,000, enter that amount; if the amount is more than $2,000,
enter $2,000.

	 $250,000 	

$12,760.00 	 plus	 5.75%	

of excess over $250,000

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502D

For taxpayers filing Joint Returns, Head of Household, or for
Qualifying Widows/Widowers.
Tax Rate Schedule II
If taxable net income is:	

Maryland Tax is:

At least:		but not over:					
	

$0 	

2.00%	

of taxable net income

	

$1,000 	

$2,000 	

$20.00 	 plus	 3.00%	

of excess over $1,000

	

$2,000 	

$3,000 	

$50.00 	 plus	 4.00%	

of excess over $2,000

	

$3,000 	 $150,000 	

$90.00 	 plus	 4.75%	

of excess over $3,000

	 $150,000 	 $175,000 	

$7,072.50 	 plus	 5.00%	

of excess over $150,000

	

$1,000 			

$175,000 	 $225,000 	

$8,322.50 	 plus	 5.25%	

of excess over $175,000

	 $225,000 	 $300,000 	

$10,947.50 	 plus	 5.50%	

of excess over $225,000

	 $300,000 	

$15,072.50 	 plus	 5.75%	

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.
	
Baltimore City . . . . . . . . . .  .0320
	
Allegany County. . . . . . . . .  .0305
	
Anne Arundel County. . . . . . .0250
	
Baltimore County. . . . . . . .  .0283
	
Calvert County. . . . . . . . . .  .0300
	
Caroline County. . . . . . . . .  .0273
	
Carroll County. . . . . . . . . .  .0303
	
Cecil County . . . . . . . . . . .  .0280
	
Charles County . . . . . . . . .  .0303
	
Dorchester County. . . . . . .  .0262
	
Frederick County . . . . . . . .  .0296
	
Garrett County. . . . . . . . . .  .0265
	
Harford County . . . . . . . . .  .0306
	
Howard County . . . . . . . . .  .0320
	
Kent County . . . . . . . . . . .  .0285
	
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 . . . . . .  .0280
	
Wicomico County. . . . . . . .  .0320
	
Worcester County. . . . . . . .  .0175
	
Nonresidents use . . . . . .  .0175
Filing a return instead of fourth payment Instead of
making the fourth declaration payment on or before January
15, 2018, you may file your 2017 personal income tax return,
provided you file it on or before January 31, 2018 and pay
in full with the return any balance of tax due.
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 2017 declaration and full payment of the estimated
tax are due on or before January 15, 2018. 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 March 1, 2018.

COM/RAD-013	

2017

PERSONAL DECLARATION
OF ESTIMATED INCOME TAX
INSTRUCTIONS

MARYLAND
FORM

Page 2

Changes in income or exemptions Your situation may not
require you to file a declara­tion on April 15, 2017. 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.
Forms and information Declaration of estimated tax forms
and any additional infor­
mation may be obtained online at
www.marylandtaxes.com or from the Comptroller of
Maryland, Revenue Administration Division, 110 Carroll Street,
Annapolis, Maryland 21411-0001 (410-260-7980 from Central
Maryland or 1-800-MD-TAXES from elsewhere) or from any
branch office.
Electronic filing You may file and pay your 2017 estimated
taxes electronically. When you use our iFile program, we give
you the ability to make a single estimated tax payment, as
well as providing the convenience of scheduling all of your
payments at one time. These scheduled payments will be
deducted from your bank account on the dates that you
specify. Visit us at www.marylandtaxes.com and look for
on line services.
ALTERNATIVE PAYMENT METHODS
For alternative methods of payment, such as a credit card,
visit our website at www.marylandtaxes.com.
Payment by check or money order Make your check or
money order pay­
able 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.
Mailing instructions Mail your declaration of estimated tax
to:
Comptroller of Maryland
Revenue Administration Division
110 Carroll Street
Annapolis, Maryland 21411-0001
Penalties and interest If you are required by law to file a
declaration of estimated tax for any tax year and you either
(1) fail to file on the date prescribed, (2) fail to pay the
installment or installments when due or (3) estimate a tax
less than 90% of the developed tax shown on the return for
the current taxable year and which estimate was less than
110% of the tax that was developed for the prior year, you will
be subject to the penalties and interest as provided by law for
the failure to file a return and the failure to pay a tax when
due.

File and pay your estimated tax online.
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