Section 10-222 – Tax Preference Items
(a) In this section, “tax preference items” mean the items that: (1) total more than $10,000 for an individual return or $20,000 for a joint return; (2) are defined under § 57 of the Internal Revenue Code; (3) are modified and apportioned under § 59 of the Internal Revenue Code; and (4) are further modified by excluding: (i) the oil percentage […]
Section 10-223 – Collection and Compilation of Data Regarding Elements of Tax and Impact
(a) Beginning with individual tax returns for the 1986 tax year, and for all subsequent tax years, the Comptroller shall collect and compile information from income tax returns regarding the various elements of the State income tax and, for the State and for each county and the City of Baltimore, the impact of those various elements […]
Section 10-213 – Honorable Louis L. Goldstein Volunteer Police, Fire, Rescue, and Emergency Medical Services Personnel Subtraction Modification Program
The subtraction modifications for volunteer police, fire, rescue, and emergency medical services personnel under § 10-208(i-1) and (l) of this subtitle shall be known as the Honorable Louis L. Goldstein Volunteer Police, Fire, Rescue, and Emergency Medical Services Personnel Subtraction Modification Program.
Section 10-217 – Standard Deduction
(a) (1) (i) Except as otherwise provided in this subsection, an individual may elect to use the standard deduction to compute Maryland taxable income whether or not the individual itemizes deductions on the individual’s federal income tax return in determining federal taxable income. (ii) If an individual elects to use the standard deduction on the federal income tax return, […]
Section 10-218 – Itemized Deductions — in General
(a) Only an individual who itemizes deductions on the individual’s federal income tax return may elect to itemize deductions on the individual’s income tax return. (b) An individual who elects to itemize deductions is allowed as a deduction the sum of the individual’s federal itemized deductions: (1) limited and reduced as required under the Internal Revenue Code; (2) further […]
Section 10-219 – Itemized Deductions — Limitation for Nonresident
(a) A nonresident may claim and shall include only the part attributable to Maryland, as determined under this section, of: (1) the subtractions from federal adjusted gross income under § 10-208 of this subtitle; (2) the deduction for exemptions under § 10-211 or § 10-212 of this subtitle; and (3) (i) the standard deduction under § 10-217 of this subtitle; […]
Section 10-220 – Itemized Deductions — Limitation for Part-Year Resident
(a) An individual who is a resident of the State for only a part of the taxable year may claim and shall include only the part attributable to Maryland, as determined under this section, of: (1) the additions to federal adjusted gross income under § 10-204 of this subtitle; (2) the subtractions from federal adjusted gross income under […]
Section 10-203 – In General
Except as provided in Subtitle 4 of this title, the Maryland adjusted gross income of an individual is the individual’s federal adjusted gross income for the taxable year as adjusted under this Part II of this subtitle.
Section 10-204 – Additions to Federal Adjusted Gross Income — Addbacks of Federal Adjustments
(a) To the extent excluded from federal adjusted gross income, the amounts under this section are added to the federal adjusted gross income of a resident to determine Maryland adjusted gross income. (b) The addition under subsection (a) of this section includes interest or dividends, less related expenses, attributable to an obligation or security of: (1) another state; […]
Section 10-205 – Additions to Federal Adjusted Gross Income — State Adjustments
(a) In addition to the modification under § 10–204 of this subtitle, the amounts under this section are added to the federal adjusted gross income of a resident to determine Maryland adjusted gross income. (b) The addition under subsection (a) of this section includes the amount of a credit claimed under: (1) § 10–702 of this title for […]