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Maryland Free Printable TaxYear-2017-502D.pdf for 2020 Maryland Maryland Personal Declaration of Estimated Income Tax (DISCONTINUED)

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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.) . . . . . . . . COM/RAD-013 $ 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 COM/RAD-013 -- 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. Scan this code with your mobile phone or tablet's QR Reader. Free readers are available at your favorite APP store.
Extracted from PDF file 2019-maryland-form-502d.pdf, last modified December 2007

More about the Maryland Form 502D Individual Income Tax Estimated TY 2019

You must file estimated individual income tax if you are self employed or do not pay sufficient tax withholding. Form 502D is meant to be filed on a quarterly basis. As of 2018, Form PV replaces the Forms IND PV, 502D and 502E for remitting payments.

We last updated the Maryland Personal Declaration of Estimated Income Tax (DISCONTINUED) in April 2020, so this is the latest version of Form 502D, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 502D directly from TaxFormFinder. You can print other Maryland tax forms here.

Other Maryland Individual Income Tax Forms:

TaxFormFinder has an additional 41 Maryland income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form PV Tax Payment Voucher, Estimated tax Form, and Extension
Form 502 Maryland Resident Income Tax Return
Resident Booklet Income Tax Forms & Instructions Booklet
Form 505 Maryland Nonresident Income Tax Return
Form 502B Maryland Dependents Information

Download all MD tax forms View all 42 Maryland Income Tax Forms


Form Sources:

Maryland usually releases forms for the current tax year between January and April. We last updated Maryland Form 502D from the Comptroller of Maryland in April 2020.

Show Sources >

Form 502D is a Maryland Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Maryland Form 502D

We have a total of six past-year versions of Form 502D in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 502D

TaxYear-2017-502D.pdf

2018 Form 502D

TY-2018-502D.pdf

2017 Form 502D

TaxYear-2017-502D.pdf


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