Md State Tax Refund Status, Tracker, Md case Search

Md State Tax Refund Status, Tracker, Md case Search

Whether you are a Maryland resident, nonresident, or part-year resident, navigating the state’s tax system can be complex. In this article, we will cover everything you need to know about filing your Maryland income tax return, including residency status, filing requirements, deductions, credits, and recent updates to the tax laws. Read to know the individual tax payer changes.

Checking Md State Tax Refund

• Online : Visit the official website or call the automated line at (410) 260-7701 or 1-800-218-8160.
• Email : Send an email to [email protected] with your name, Social Security number, and refund amount.

Filing Recommendations

• Electronic Filing : File electronically for faster processing and refund delivery.
• Direct Deposit : Opt for direct deposit to receive your refund within days after acceptance and processing.

Electronic Filers

• Same-Day Processing : Electronically filed returns are usually processed on the same day of transmission.

Paper Filers

• Processing Time : Paper returns take about 30 days to process, with acknowledgment upon entry into the system.
• Possible Delays : Refunds may be delayed due to math errors, missing entries, or discrepancies in estimated taxes paid.

You should file a Maryland income tax return if :

• • You are a Maryland resident, either currently or in the past.
  • You need to file a federal income tax return.
  • Your Maryland gross income meets or exceeds the specified level for your filing status.
• The filing thresholds also apply to nonresident taxpayers who must file a Maryland return.
• Even if you aren’t obligated to file a federal return, you might still need to file a Maryland return if your Maryland addition modifications, when added to your gross income, surpass the filing requirement for your filing status.
• Dependent taxpayers must consider both their additions to and subtractions from income to determine their gross income.

Filing Status	Gross Income
Single	Under 65 : $13,850.   65 or older : $15,700
Head of Household	Under 65 : $20,800.   65 or older : $22,650
Married Filing Jointly	Both under 65 : $27,700.  One spouse 65 or older: $29,200.   Both 65 or older : $30,700
Married Filing Separately	All (regardless of age) : $13,850
Qualifying Widow(er)	Under 65 : $27,700.   65 or older : $29,200

 

Methods of Filing Maryland Tax Returns :

• You have various options for filing your personal or business income tax returns, including :
  • Filing on paper or electronically.
  • Using approved software on your personal computer to file both your Maryland and federal tax returns online. You’ll need to know your Maryland county abbreviation and, possibly, the correct subdivision code for your city.
  • Employing a professional tax preparer in Maryland to file your return electronically on your behalf. While specific professionals aren’t endorsed, a list of e-file providers for individuals and businesses is available for your convenience.
• You may qualify to electronically file your federal return for free through IRS Free File. Some participating companies in this service will also file your Maryland return electronically for free. Regardless of the company you choose, you can always file your Maryland tax return for free online using iFile or the Maryland Tax Connect Portal. Remember that your Maryland return begins with your federal adjusted gross income, so you need to prepare your federal return first before preparing your Maryland return.

Determining Residency Status : Md State Tax Refund

• Resident:
  • Your permanent home (domicile) is in Maryland, or
  • Your permanent home is outside Maryland, but you maintained a place of abode (a place to live) in Maryland for over six months of the tax year. If this applies and you were physically present in the state for 183 days or more, you must file a full-year resident return.
• Nonresident:
  • Your permanent home (domicile) is in a state other than Maryland, unless you qualify as a statutory resident.
• Statutory resident:
  • You maintain and occupy a place of abode (a place to live) for over six months of the tax year in Maryland.
• Part-Year Residents:
  • If you established or abandoned Maryland residency during the calendar year, you are considered a part-year resident.

Filing as a Senior Citizen : Md State Tax Refund

If you’re 65 or older, you qualify for various tax benefits on your Maryland return. These include a higher income threshold before filing a return is mandatory, an additional personal exemption of $1,000, and eligibility for a pension exclusion that rises annually. Moreover, your Social Security and Railroad Retirement benefits are not taxed by Maryland.

Choose the Right Income Tax Form :

Residency Status	Form to File
Maryland Resident	Form 502 and 502B (if federal adjusted gross income is <$100,000)
	Form 502 (if part-year resident)
Nonresident	Form 505 and Form 505NR
	Form 505X (for amending return)
	Form 515 (for nonresidents employed in Maryland living in a jurisdiction with local income tax)
Special Situations	Form PV for quarterly estimated tax payments
	Form PV for automatic six-month filing extension (filed along with payment by April 15, 2024)
	Form 502X for amending original return

What are Exemptions and Deductions ?

• Personal Exemption :
  • The exemption amount is $3,200 but begins to phase out for incomes over $100,000 ($150,000 for joint filers).
  • It is completely phased out for incomes exceeding $150,000 ($200,000 for joint filers).
  • An additional exemption of $1,000 remains for age and blindness.
• Dependent Form 502B :
  • Required for Form 502, Form 505, and Form 515 to determine eligible exemptions.
• Standard Deduction :
  • Maximum values are $2,550 for single taxpayers and $5,150 for head of household, surviving spouses, and joint filers.
• Itemised Deduction Limitation :
  • Maryland follows federal law by suspending the itemised deduction limitation threshold (Pease Limitation), benefiting high-income taxpayers.
• Choosing between Standard Deduction and Itemising :
  • Taking the federal standard deduction precludes itemising at the state level, potentially increasing Maryland income tax liability.
  • Taxpayers are advised to compare results under both methods to determine the lowest tax liability.
• Limitation on State and Local Tax Deduction :
  • Federal reform capped deductions for state and local taxes at $10,000 ($5,000 for married filing separately).
  • Maryland taxpayers must add back state income taxes claimed as federal deductions, with an addback limit of $10,000 ($5,000 for married filing separately).
  • Maryland accepts a reasonable interpretation of the limitation, such as proportionally adding back state income taxes based on total deductions.

Individual Taxpayer Changes :

• Interest Rate Increase:
  • Interest rate increased to 10.0075% annually or 0.8339% per month for late tax payments between the original due date of the 2023 return and January 1, 2025.
  • Taxpayers must calculate and enter any interest due on the appropriate line of their tax return.
• Subtraction Modifications:
  • One new subtraction modification and three updated subtraction modifications.
  • Refer to Instruction 13 for details (Line 13, Code Letters k., yc., u., and yb.).
• Addition Modifications:
  • New addition modification for resident members of pass-through entities taxed at the entity level in another state.
  • See instruction 12 for more information (Addition t).
• Tax Credits:
  • Two updated tax credits for qualified individuals.
  • Refer to Instruction 18 (Line 24, code letter b.) and Instruction 21 (Line 43, #1) for details.
  • One new tax credit for businesses.
  • See Instruction 18 (Line 25, code letter y.) for more information.
• Form 502CR Update:
  • Updated Form 502CR for the CREDIT FOR CHILD AND DEPENDENT CARE EXPENSES.
  • Available to residents only.
  • Eligible taxpayers with income below certain thresholds are entitled to a tax credit equal to a percentage of the federal credit.
  • Refundable credit may also be available.
  • Refer to Part CC, Line 7 of Form 502CR and Instructions for details.
• Pass-Through Entity (PTE) Tax Credit:
  • Members of PTEs may be entitled to a credit for their share of tax paid by the entity.
  • Enter the amount on the designated line and attach Maryland Schedule K-1 (Form 510/511) for verification.
• Additional Information Request:
  • State revenue agencies, including Maryland, are requesting additional information to combat stolen-identity tax fraud and protect taxpayers and their refunds.
  • Taxpayers and spouses with a driver’s license or state-issued ID are requested to provide requested information from it, although it’s not mandatory for return submission.
  • Providing this information may help in identifying the taxpayer.

Official Website >>  Maryland income tax return >> marylandtaxes.gov