Get 2011 Maryland Form 502v Use Of Vehicle For Charitable Purposes Attach To Your Tax Return Your First

This guide provides comprehensive instructions on how to complete the 2011 Maryland Form 502V for reporting vehicle use for charitable purposes. By following these steps, users can ensure that their charitable mileage deductions are accurately reported on their tax return.

Follow the steps to effectively complete the form.

1. Click ‘Get Form’ button to obtain the form and open it for editing.
2. Fill in your first name, middle initial, last name, and Social Security number in the designated fields. If applicable, include your spouse's first name, middle initial, last name, and Social Security number.
3. Identify the qualifying organization you have provided services for. A qualifying organization is a nonprofit that provides medical, health, or nutritional care.
4. On line 1, enter the total mileage incurred while providing qualifying services from January 1, 2011, through June 30, 2011. Be sure to include all relevant trips.
5. Multiply the mileage entered on line 1 by 51 cents (0.51) and enter the resulting amount on line 2.
6. On line 3, enter the total mileage incurred while providing qualifying services from July 1, 2011, through December 31, 2011.
7. Multiply the mileage entered on line 3 by 55.5 cents (0.555) and record the total on line 4.
8. Add the amounts from lines 2 and 4 and enter the total on line 5.
9. On line 6, indicate any reimbursements received for the mileage on lines 1 and 3.
10. On line 7, enter any amount that you have included as an itemized deduction on your Maryland return for charitable vehicle expenses.
11. Add the amounts from lines 6 and 7 and enter the total on line 8.
12. Subtract the amount on line 8 from the total on line 5 and record the result on line 9. This amount should be entered on line q of Form 502SU or line q of Form 505SU.
13. Review all entered information for accuracy, then save your changes. You may now download, print, or share the completed form as needed.

Complete your 2011 Maryland Form 502V online today to maximize your charitable deductions.