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Maryland Free Printable TY-2021-502R for 2022 Maryland Retirement Income Form

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Retirement Income Form
TY-2021-502R

MARYLAND FORM 502R 2021 RETIREMENT INCOME ATTACH TO YOUR FORM 502 The Maryland General Assembly enacted House Bill 1148 in the 2016 Session requiring the collection of information detailing the amount of retirement income reported by an individual and/or their spouse by source. Part 1 Your First Name MI Your Last Name Your Social Security Number Spouse's First Name MI Spouse's Last Name Spouse's Social Security Number Part 2 Your Age Spouse's Age Part 3 Are you or your spouse totally and permanently disabled? (Check if Yes): Part 4 You Spouse Retirement and Pension Benefits: Determine your source of retirement income and input the required information in the appropriate areas below. Source description: Amount included in Federal Adjusted Gross Income You 1. Retirement income received as a pension, annuity or endowment from an "employee retirement system" qualified under Sections 401(a), 403 or 457(b) of the Internal Revenue Code. Disability retirement pension or annuity included on line 1 of federal form 1040. (Do not include a traditional, Roth or SIMPLE individual retirement account or annuity (IRA), a simplified employee plan (SEP), a Keogh plan, an ineligible deferred compensation plan or foreign retirement income.) . . . . . . . . . . . . . . . . . . . . . 1a. .00 1b. 2. An IRA under Section 408 (excluding Section 408(k)) of the Internal Revenue Code. Examples include a SIMPLE IRA under Section 408(p) of the Internal Revenue Code and a traditional IRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a. Spouse .00 .00 2b. .00 3. An IRA consisting entirely of contributions rolled over from a defined benefit plan. . . . . . 3a. 4. A simplified employee pension (SEP) under Section 408(k) of the Internal Revenue Code. . 4a. .00 3b. .00 .00 4b. .00 5. A Roth IRA under Section 408A of the Internal Revenue Code. . . . . . . . . . . . . . . . . . . . 5a. .00 5b. .00 6. An ineligible deferred compensation plan under Section 457(f) of the Internal Revenue Code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6a. .00 6b. .00 7. Other retirement income (for example, a Keogh Plan, also known as an HR-10), including foreign retirement income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a. .00 7b. .00 8. Total: Add the amounts in the above columns and enter here. (This line should reflect the total amount of pension, disability pension, IRA and annuities reported as income on lines 1, 4b, and 5b of your federal Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. Part 5 .00 You Spouse 9. Total benefits you received from Social Security and/or Railroad Retirement, Tier I and Tier II (See Instructions for Part 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a. .00 9b. .00 10. Amount of military retirement income subtracted on Maryland Form 502 (from code letter u on Form 502SU) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10a. .00 10b. .00 .00 11b. .00 .00 12b. .00 Part 6 If you claimed a Pension Exclusion on line 10a of Maryland Form 502, complete Part 6 using information from Worksheet 13A of the Maryland Resident Income Tax Return Instructions. 11. Pension Exclusion (from line 5 of Worksheet 13A). . . . . . . . . . . . . . . . . . . . . . . . . . . 11a. Part 7 If you claimed the Retired Correctional Officer, Law Enforcement Officer, or Fire, Rescue, or Emergency Services Personnel pension exclusion (from line 10b on Form 502), complete Part 7 using information from Worksheet 13E of the Maryland Resident Income Tax Return Instructions. 12. Retired Correctional Officer, Law Enforcement Officer or Fire, Rescue, or Emergency Services Personnel pension exclusion (from line 8 of Worksheet 13E) . . . . . . . . . . . . . 12a. COM/RAD-020 MARYLAND FORM 502R 2021 RETIREMENT INCOME ATTACH TO YOUR FORM 502 The Maryland General Assembly enacted House Bill 1148 in the 2016 Session requiring the collection of information detailing the amount of retirement income reported by an individual and/or their spouse by source. Complete Form 502R if you or your spouse were required to file a 2021 Form 502 AND: 1. Reported income from a pension, annuity or individual retirement account or annuity (IRA) on your federal income tax return (lines 4b and 5b of federal Form 1040); (IRA) on your federal income tax return (lines 4b and 5b of federal Form 1040). Add these amounts and enter on line 8. This amount must equal the sum of the retirement income reported on your federal return (lines 4b and 5b of federal Form 1040). DO NOT include any benefits received from Social Security and/or Railroad Retirement, Tier I and Tier II, in Part 4. Those benefits should be included on line 9 of Part 5. EXCEPTION: If you retired on disability and received a taxable disability retirement pension or annuity reported to you on Form 1099R and you report the taxable income as wages on line 1 of federal Form 1040 until you reach minimum retirement age, include this amount of taxable income on line 1 of Part 4. 2. Received any income during the tax year (taxable or non-taxable) from Social Security or Railroad Retirement (Tier I or Tier II); 3. Claimed a pension exclusion on line 10a of Form 502; or Part 5: Complete Part 5 if you or your spouse received Social Security or Railroad Retirement benefits (Tier I or Tier II). Enter the gross amount of those benefits received during the tax year (do not enter the taxable amount only) in the appropriate column. 4. Claimed a pension exclusion on line 10b of Form 502. Nonresidents are not required to complete and file the Form 502R. Married individuals who filed Maryland returns with married filing separate status should each complete a separate Form 502R. Note: For additional information regarding qualified plans pension exclusion, see FAQs #2 on page iii Resident Booklet; and Line 10a. Instruction 13 Subtractions from Income; and the below chart as well. Part 6: Complete Part 6 if you or your spouse claimed a pension exclusion on Form 502. Enter the amounts in the appropriate column using the amounts calculated for each spouse on line 5 of the PENSION EXCLUSION COMPUTATION WORKSHEET (13A) which can be found in the Maryland Resident Income Tax Return Instructions. 3 An IRA consisting entirely of contributions rolled over from a defined benefit plan 4 A simplified employee pension (SEP) under Section 408(k) of the Internal Revenue Code 5 A Roth IRA under Section 408A of the Internal Revenue Code 6 An ineligible deferred compensation plan under Section 457(f) of the Internal Revenue Code 7 Other taxable retirement income (for example, a Keogh Plan, also known as an HR-10), including foreign retirement income X X X X Also, see FAQs #2 on page iii Resident Booklet, and Line 10a. Instruction 13 Subtractions from Income. COM/RAD-020 Ineligible Deferred Compensation Plan 457(f) X Roth IRA - 408A X Simplified Employee Pension 408(k) X Other taxable retirement plans An IRA under Section 408 (excluding Section 408(k)) of the Internal Revenue Code. Examples include a SIMPLE IRA under Section 408(p) of the Internal Revenue Code and a traditional IRA X Foreign retirement income 2 Retirement income received as a pension, annuity or endowment from an "employee retirement system" qualified under Sections 401(a), 403 or 457(b) of the Internal Revenue Code. (Do not include a traditional, Roth or SIMPLE individual retirement account or annuity (IRA), a simplified employee plan (SEP), a Keogh plan, an ineligible deferred compensation plan or foreign retirement income.) Keogh retirement plans for selfemployed individuals (also known as an HR-10 plan) 1 Rollover IRA consisting entirely of contributions from a defined benefit plan Complete Part 4 if you or your spouse reported income from a pension, annuity or individual retirement account or annuity SIMPLE 401(k) Part 4: Thrift Savings Check the appropriate box if you or your spouse were totally and permanently disabled on the last day of the tax year. Deferred compensation plan of a state or local government or a tax exempt organization - 457(b) Part 3: 401(k) Cash or Deferred Arrangement Enter your age as of December 31, 2021. If you are filing a joint Maryland return, also enter the age as of December 31, 2021 of your spouse. Pension, profit-sharing or stock bonus plans - 401(a), 403, 403(b) or 457(b) Part 2: Part 7: Complete Part 7 if you or your spouse claimed the Retired Correctional Officer, Law Enforcement Officer, or Fire, Rescue, or Emergency Services Personnel pension exclusion (from line 10b on Form 502). Enter the amounts in the appropriate column using the amounts calculated for each spouse on line 8 of the RETIRED CORRECTIONAL OFFICER, LAW ENFORCEMENT OFFICER, OR FIRE, RESCUE, OR EMERGENCY SERVICES PERSONNEL PENSION EXCLUSION COMPUTATION WORKSHEET (13E) which can be found in the Maryland Resident Income Tax Return Instructions. Traditional Individual Retirement Account or Annuity (IRA) Enter your first name, middle initial, last name and Social Security number exactly as entered on Form 502. If you are filing a joint Maryland return, also enter the name and Social Security number of your spouse. SIMPLE Individual Retirement Annuity - 408(b) Part 1: SIMPLE Individual Retirement Account - 408(p) PRINT OR ENTER ALL INFORMATION USING BLUE OR BLACK INK Complete Part 5 if you received military retirement income subtracted using code letter u on Form 502SU. X X X X X X X
Extracted from PDF file 2021-maryland-form-502r.pdf, last modified November 2016

More about the Maryland Form 502R Individual Income Tax TY 2021

Form for reporting retirement income as per enacted House Bill 1148 by the Maryland General Assembly during the 2016 Session.

We last updated the Retirement Income Form in January 2022, so this is the latest version of Form 502R, fully updated for tax year 2021. You can download or print current or past-year PDFs of Form 502R 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
Form 502R Retirement Income Form
Form 502B Maryland Dependents Information
Form 502SU Subtractions from Income

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 502R from the Comptroller of Maryland in January 2022.

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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!


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