Maryland Individual Tax preparers Exam (Maryland and Federal
Only) | FREQUENTLY TESTED QUESTIONS WITH CORRECT
ANSWERS | BRAND NEW!
MD Resident Definition - (ANSWERS)Domicile in Maryland OR present
183+ days.
MD Part-Year Resident - (ANSWERS)Files Form 502 with dates of
residency.
MD Nonresident - (ANSWERS)Files Form 505 + 505NR for MD-source
income.
Local (County) Tax - (ANSWERS)Applies to MD residents; based on
county rate.
Out-of-State Municipal Bond Interest - (ANSWERS)MD Addition
(taxable).
U.S. Treasury Interest - (ANSWERS)MD Subtraction (tax-exempt).
Social Security - Maryland - (ANSWERS)Fully exempt.
1/5
, Maryland Individual Tax preparers Exam (Maryland and Federal
Only) | FREQUENTLY TESTED QUESTIONS WITH CORRECT
ANSWERS | BRAND NEW!
Maryland Pension Exclusion - (ANSWERS)For age 65+ (or disabled),
qualified pension only.
Standard Deduction - Maryland - (ANSWERS)15% of MD AGI with
min/max limits.
Maryland Itemizing Rules - (ANSWERS)Must itemize on MD if itemizing
federally; same structure but differences apply.
Personal Exemptions - Maryland - (ANSWERS)Income-based; up to
$3,200 depending on AGI.
Credit for Taxes Paid to Another State - (ANSWERS)Claimed on Form
502CR.
Child & Dependent Care Credit - MD - (ANSWERS)Based on federal AGI;
refundable for some taxpayers.
Earned Income Credit - MD - (ANSWERS)Based on federal EIC; may be
refundable.
2/5
Only) | FREQUENTLY TESTED QUESTIONS WITH CORRECT
ANSWERS | BRAND NEW!
MD Resident Definition - (ANSWERS)Domicile in Maryland OR present
183+ days.
MD Part-Year Resident - (ANSWERS)Files Form 502 with dates of
residency.
MD Nonresident - (ANSWERS)Files Form 505 + 505NR for MD-source
income.
Local (County) Tax - (ANSWERS)Applies to MD residents; based on
county rate.
Out-of-State Municipal Bond Interest - (ANSWERS)MD Addition
(taxable).
U.S. Treasury Interest - (ANSWERS)MD Subtraction (tax-exempt).
Social Security - Maryland - (ANSWERS)Fully exempt.
1/5
, Maryland Individual Tax preparers Exam (Maryland and Federal
Only) | FREQUENTLY TESTED QUESTIONS WITH CORRECT
ANSWERS | BRAND NEW!
Maryland Pension Exclusion - (ANSWERS)For age 65+ (or disabled),
qualified pension only.
Standard Deduction - Maryland - (ANSWERS)15% of MD AGI with
min/max limits.
Maryland Itemizing Rules - (ANSWERS)Must itemize on MD if itemizing
federally; same structure but differences apply.
Personal Exemptions - Maryland - (ANSWERS)Income-based; up to
$3,200 depending on AGI.
Credit for Taxes Paid to Another State - (ANSWERS)Claimed on Form
502CR.
Child & Dependent Care Credit - MD - (ANSWERS)Based on federal AGI;
refundable for some taxpayers.
Earned Income Credit - MD - (ANSWERS)Based on federal EIC; may be
refundable.
2/5