Get Md 505nr 2023-2025

The MD 505NR form is essential for nonresidents calculating their income tax in Maryland. This guide provides clear and step-by-step instructions to help users complete the form accurately online.

Follow the steps to fill out the MD 505NR online correctly.

1. Click ‘Get Form’ button to access the MD 505NR form and open it in your preferred editor.
2. Enter your first name, middle initial, and last name in the relevant fields.
3. Input your Social Security number in the designated area.
4. If applicable, fill in your spouse's first name, middle initial, last name, and Social Security number.
5. Proceed to Part I and enter your taxable net income from Form 505 line 31 or Form 515 line 32 on line 1.
6. Refer to the tax table or computation worksheets to determine the tax amount related to your taxable income and enter this on line 2.
7. In Part II, enter your federal adjusted gross income (FAGI) from Form 505 or Form 515, line 17 (Column 1) on line 3.
8. If you have earned income, indicate this amount on line 3a.
9. On line 4, enter your FAGI plus any additions from Form 505 or 515 line 21.
10. Complete lines 5 through 12 as instructed, ensuring you add any relevant subtractions and determine your Maryland Adjusted Gross Income.
11. Calculate your Maryland Income Factor on line 9 by dividing line 8 by line 3.
12. Determine your deduction amount based on whether you are using a standard deduction or itemizing your deductions.
13. On line 11, calculate your net income by subtracting the deduction from line 8.
14. Complete lines 13 through 17 based on your calculated figures to arrive at your final Maryland tax amount.
15. Once all fields are filled and verified for accuracy, save your changes, download the completed form, or print it as needed.
16. Review your entries for correctness before submitting the form along with your tax return.

Complete your MD 505NR online today and ensure your tax calculations are accurate.