Should I take the standard deduction or itemize? - The federal tax reform of 2017 significantly raised the federal standard deduction. This means that high-income taxpayers are not required to reduce their itemized deductions using the itemized deduction worksheet used in prior years. Itemized Deduction Limitation - The State of Maryland follows the new federal tax law treatment to suspend the itemized deduction limitation threshold (Pease Limitation). Standard Deduction - The tax year 2022 standard deduction is a maximum value of $2,400 for single taxpayers and to $4,850 for head of household, a surviving spouse, and taxpayers filing jointly. The additional exemption of $1,000 remains the same for age and blindness.ĭependent Form 502B - will be required to be attached to Form 502, Form 505 and Form 515 to determine what exemptions you are entitled to claim. See Instruction 10 in the Resident tax booklet for the reduced amounts, or review the page, Determine Your Personal Income Tax Exemptions. The $3,200 exemption is phased out entirely when the income exceeds $150,000 ($200,000 for joint taxpayers). Personal Exemption Amount - The exemption amount of $3,200 begins to be phased out if your federal adjusted gross income is more than $100,000 ($150,000 for joint taxpayers). There have been no changes affecting personal exemptions on the Maryland returns. Our branch office staff will assist taxpayers with scheduling an appointment. In order to make an appointment at one of our branch offices, please access the appointment scheduler at.
Turbotax return date for free#
For an appointment to complete a service such as filing a Maryland income tax form and/or electronically filing Maryland income tax forms for free please bring any W-2 statements or other withholding statements, such as 1099s, that you have, along with your completed federal income tax return.
Note: For forms, visit the 2022 Individual Tax Forms pages.
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