Get 502r Instructions

Filling out the 502R retirement income form can seem daunting, but this guide provides a clear and supportive approach to completing it online. Follow these steps to ensure that you accurately report your retirement income and meet all requirements.

Follow the steps to successfully complete the 502R form online.

1. Click the ‘Get Form’ button to obtain the 502R form and open it in your preferred online editor.
2. Begin by completing Part 1. Input your first name, middle initial, last name, and Social Security number as they appear on your Form 502. If filing jointly, also enter your spouse's details.
3. Move to Part 2 and indicate if you or your spouse are totally and permanently disabled by answering 'Yes' or 'No' in the provided field.
4. In Part 3, enter both your age and your spouse's age as of December 31, 2016. This information helps in determining eligibility for tax benefits.
5. Part 4 requires reporting retirement and pension benefits. Specify the amount of retirement income and its source in the designated fields. Ensure to exclude any Social Security income reported in Part 5.
6. Complete Part 5 if you or your spouse received Social Security or Railroad Retirement benefits. Enter the gross amount received in the appropriate columns.
7. If you claimed a pension exclusion on your Maryland Form 502, fill out Part 6 using the amounts from the Pension Exclusion Worksheet.
8. Once all sections have been completed, review your entries for accuracy. You can then save your changes, download the form as needed, or print it for your records.

Complete your 502R form online today to ensure your retirement income is properly reported.