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Maryland
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Details:
• Electronic filing mandate for tax preparers: Paid tax preparers who prepared more than 300 qualified state income tax returns for tax year 2009 must file those returns electronically.
• Fewer tax booklets are mailed: To save costs, tax booklets will not be mailed to taxpayers who filed electronically last year or used forms other than the state's orange and black forms. Booklets will continue to be available online for downloading.
• Increased pension exclusion: Maryland's maximum pension exclusion, which is available to qualifying taxpayers 65 or older, increased from $24,000 to $24,500 for tax year 2009.
• Increased local income tax rate for Prince George's County:
The local income tax rate for Prince George's County has been increased from .0310 to .0320 for tax year 2009.
• Estimated tax payments: Estimated tax payments made by individuals for tax year 2009 must be at least 90 percent of the tax developed for the current year or 110 percent of the tax that was developed for the prior year.
• Revised direct deposit rules for bank accounts outside the U.S.:
New banking rules require us to ask that you check a special box on the back of your return to indicate if your state refund is going to an account outside the U.S.
• Expanded taxpayer service for Charles County: Charles County residents now have access to a new taxpayer service office located in Waldorf.
• Military spouses: The wages earned by a spouse of a nonresident U.S. service member may be exempt from Maryland income tax under the Military Spouses Residency Relief Act, when the spouse of the service member is not a legal resident of Maryland.
• High Income Taxpayers with Income from U.S. Obligations:
The calculation method for the personal exemption amount has been changed to allow for a subtraction of income from U.S. obligations from the federal adjusted gross income for certain taxpayers for the calculation.
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Government Link:
http://individuals.marylandtaxes.com/incometax/taxseason.asp
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