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You may claim exemption from Maryland income taxes if your federal income will not exceed $10,400, whether or not you are claimed as a dependent. For more information and forms, visit the university Tax Office website.

In order to claim itemized deductions, you must file your income taxes using Form 1040 and list your itemized deductions on Schedule A: Enter your expenses on the appropriate lines of Schedule A. Add them up. Copy the total amount to the second page of your Form 1040.

Use Schedule A (Form 1040 or 1040-SR) to figure your itemized deductions. In most cases, your federal income tax will be less if you take the larger of your itemized deductions or your standard deduction.

Schedule A is required in any year you choose to itemize your deductions. The schedule has seven categories of expenses: medical and dental expenses, taxes, interest, gifts to charity, casualty and theft losses, job expenses and certain miscellaneous expenses.

Every corporation and association having income allocable to the State of Maryland is required to file an income tax return with the state. The corporate tax rate is 8.25 percent of the net income allocable to Maryland.

Remember, if your federal gross income is more than the federal minimum filing requirement for your filing status, you are required to file a Maryland return, even if the income attributable to Maryland is less than the federal filing requirement.

This worksheet allows you to itemize your tax deductions for a given year.

Schedule A is an income tax form that is used in the United States to declare itemized deductions.

Every Maryland pass-through entity must file a return on Form 510, even if it has no income or the entity is inactive. Every other pass-through entity that is subject to Maryland income tax law must also file on Form 510.

If you are a Maryland resident, you are required to file a Maryland income tax return if you are required to file a federal income tax return, and your gross income equals or exceeds the level for your filing status in Filing Requirements see above and in Instruction 1 of the Maryland resident tax booklet.

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Montgomery Maryland Business Deductibility Checklist

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Who is exempt from Maryland withholding?

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