Personal Income Tax Statistics of Income

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Personal Income Tax Statistics of Income

Transcript Of Personal Income Tax Statistics of Income

_____________________________________________________
State of Maryland
Personal Income Tax Statistics of Income
______________________________________________________________________ Tax Year 2015
Peter Franchot Comptroller of Maryland

December 31, 2017

Honorable Lawrence Hogan Governor of Maryland State House
Annapolis, Maryland 21404

Honorable Thomas V. M. Miller, Jr. President of the Senate State House Annapolis, Maryland 21401

Honorable Michael E. Busch Speaker of the House State House Annapolis, Maryland 21401

Gentlemen:

In compliance with Tax – General Article 10-223(c), the Comptroller’s Office has compiled the accompanying Statistics of Income Report. This report contains detailed information on Maryland’s personal income tax base for the state, its 23 counties, and Baltimore City.

I am pleased to submit to you this report, which contains information for Tax Year 2015.

Sincerely,

Peter Franchot Comptroller

Table of Contents
Introduction …………………………………………………………………………………………………………………...…... i
Table 1 – Number of Returns by AGI Class and Filing Status ………………………………………………………………....… 1
Table 2 – Number of Returns by AGI Class and Number of Regular Exemptions ……………………………………………..... 2
Table 3 – Number of Exemptions by Filing Status and AGI Class ………………………………………………………………. 3
Table 4 – Selected Income and Tax Detail for State of Maryland (Residents Only) …………………………………………...… 4
Income Wages, Salaries, Tips, etc. Interest Dividends Taxable Refunds, Credits, or Offsets of State and Local Income Taxes Alimony Received Business Income or Loss Capital Gain or Loss Other Gain or Loss - Form 4797 Taxable Distributions from IRA Taxable Amount of Pensions and Annuities Rents, Royalties, Partnerships, Estates, or Trusts, etc. Farm Income or Loss Unemployment Compensation Taxable Amount of Social Security and Tier I Railroad Benefits Other and Unallocated Income Total Income
Adjustments to Income Educator Expenses Business Expenses of Reservists, Performing Artists, and Fee-Basis Government Officials Health Savings Account Deduction Moving Expenses

One-Half of Self-Employment Tax Self-Employed SEP, SIMPLE, and Qualified Plans Self-Employed Health Insurance Deduction Penalty on Early Withdrawal of Savings Alimony Paid IRA Deduction Student Loan Interest Deduction Tuition and Fees Deduction Jury Duty Pay Other & Unallocated Adjustments to Income Total Adjustments on Federal Return Federal Adjusted Gross Income

Maryland Modifications Interest on State and Local Obligations Other than Maryland State Retirement Pickup Lump Sum Distributions Unallocated and Other Additions Total Additions Taxable Refunds, Credits, or Offsets of State and Local Income Child and Dependent Care Expenses Interest on U.S. Obligations Pension Exclusion Taxable Social Security and RR Benefits Income Received During Period of Nonresident Status Other & Unallocated Subtractions Two-Income Married Couples Total Subtractions

Taxes

Deductions Maryland Itemized Deductions Maryland Standard Deductions

Calculation of Maryland Taxable Net Income Federal AGI on Maryland Return Total Additions

Total Subtractions Maryland AGI Total Deductions Total Exemptions Maryland Taxable Net Income
Calculation of Maryland Tax Liability Gross Maryland Tax State Non-Refundable Earned Income Credit State Poverty Level Credit Credit for Taxes Paid to Other States Other Non-Refundable Personal State Tax Credits Business Tax Credits Total Non-Refundable Tax Credits Maryland Tax After Non-Refundable Credits
Calculation of Local Tax Liability Gross Local Tax Local Non-Refundable Earned Income Credit Local Poverty Level Credit Total Local Credits Local Tax After Non-Refundable Credits
Contributions Chesapeake Bay and Endangered Species Fund Other Contributions
Refundable Credits Refundable Earned Income Credit Refundable Heritage Structure Rehabilitation Credit
Income Detail Rent & Royalty Income Rent & Royalty Loss Partnership Income Partnership Loss

Rent & Royalty Income or Loss Partnership Income or Loss Estate or Trust Income or Loss

Itemized Deduction Detail Medical and Dental Expenses Medical Deduction After Limitation Income or Sales Taxes Paid Real Estate Taxes Paid Taxes Paid Deduction Home Mortgage Interest Investment Interest Total Interest Paid Deduction Cash Contributions Noncash and Carryover Contributions Total Charitable Contributions Casualty and Theft Losses Job Expenses and Miscellaneous Deductions Job Expenses and Miscellaneous Deductions Other Miscellaneous Deductions Total Deductions Before Limitation Total Deductions After Limitation

Before Limitation After Limitation

Federal Tax Credits Federal First-time Homebuyer’s Credit

Table 5 – Selected Income and Tax Detail for State of Maryland (Non-Resident Filers Only) …………………………………….… 17

Income Wages, Salaries, Tips, etc. Interest Dividends Taxable Refunds, Credits, or Offsets of State and Local Income Taxes Alimony Received Business Income or Loss Capital Gain or Loss

Other Gain or Loss - Form 4797 Taxable Distributions from IRA Taxable Amount of Pensions and Annuities Rents, Royalties, Partnerships, Estates, or Trusts, etc. Farm Income or Loss Unemployment Compensation Taxable Amount of Social Security and Tier I Railroad Benefits Other and Unallocated Income Total Income
Adjustments to Income Educator Expenses Business Expenses of Reservists, Performing Artists, and Fee-Basis Government Officials Health Savings Account Deduction Moving Expenses One-Half of Self-Employment Tax Self-Employed SEP, SIMPLE, and Qualified Plans Self-Employed Health Insurance Deduction Penalty on Early Withdrawal of Savings Alimony Paid IRA Deduction Student Loan Interest Deduction Tuition and Fees Deduction Jury Duty Pay Other & Unallocated Adjustments to Income Total Adjustments on Federal Return Federal Adjusted Gross Income
Maryland Modifications Non-Maryland Losses (Nonresidents Only) Unallocated and Other Additions Total Additions Income Earned in Other States (Nonresidents Only) Other & Unallocated Subtractions Total Subtractions

Deductions Maryland Itemized Deductions Maryland Standard Deductions Calculation of Maryland Taxable Net Income
Calculation of Maryland Taxable Net Income Federal AGI on Maryland Return Total Additions Total Subtractions Maryland AGI Total Deductions Total Exemptions Maryland Taxable Net Income
Calculation of Maryland Tax Liability Gross Maryland Tax Special Non-Resident Tax State Non-Refundable Earned Income Credit State Poverty Level Credit Other Non-Refundable Personal State Tax Credits Business Tax Credits Total Non-Refundable Tax Credits Maryland Tax After Non-Refundable Credits
Contributions Chesapeake Bay and Endangered Species Fund Other Contributions
Refundable Credits Refundable Earned Income Credit Refundable Heritage Structure Rehabilitation Credit
Income Detail Rent & Royalty Income Rent & Royalty Loss Partnership Income

Partnership Loss Rent & Royalty Income or Loss Partnership Income or Loss Estate or Trust Income or Loss

Itemized Deduction Detail Medical and Dental Expenses Medical Deduction After Limitation Income or Sales Taxes Paid Real Estate Taxes Paid Taxes Paid Deduction Home Mortgage Interest Investment Interest Total Interest Paid Deduction Cash Contributions Noncash and Carryover Contributions Total Charitable Contributions Casualty and Theft Losses Job Expenses and Miscellaneous Deductions Job Expenses and Miscellaneous Deductions Other Miscellaneous Deductions Total Deductions Before Limitation Total Deductions After Limitation

Before Limitation After Limitation

Table 6 – Selected Income and Tax Detail for Maryland Counties by County …………………………………………………... 30 Table 7 – Selected Income and Tax Detail for Maryland Counties by County and Income Class ……………………………….. 35 Table 8 – Selected Income and Tax Detail for Local Tax Credits Paid to Other Jurisdictions by County ……………………….. 85 Table 9 – Selected Income and Tax Detail for Tax Filers Below the Income Filing Threshold ………………………………….. 88 Table 10 – Selected Income and Tax Detail for Non-Resident Composite Pass Through Entity Filers…………………………... 89

INTRODUCTION
Chapter 13 of the Acts of 1987 requires the Comptroller to collect and compile statistical information from Maryland income tax returns, including component items of adjusted gross income, itemized deductions, and addition and subtraction modifications. The information is compiled annually for the State, each county and Baltimore City.
Since 1967, the comptroller has published aggregate information on income, deductions, exemptions, modifications and tax liabilities for the state and its component subdivisions in a Summary Report. However, the detailed information required by Chapter 13 is not collected by the State. This data is contained on federal tax returns filed by Maryland taxpayers and is compiled by the Internal Revenue Service (IRS).
METHODOLOGY
In a departure from versions of the Statistics of Income report for tax years before tax year 2000, parts of this report have been produced without using data sampling. Figures that appear in this report generally are the actual figures from returns filed with the Maryland and federal income tax returns Comptroller. The federal and State files were matched, but many Maryland returns had no corresponding federal return. This was largely because the federal information included only federal returns filed using a Maryland address. As one would expect, most nonresident returns and the returns of taxpayers who moved out of the State during the tax year were not included in the federal file. Other information is not captured by the imaging system used to process tax returns or was unavailable due to timing and/or other factors; therefore, using actual figures was not possible. Whenever detailed addition and subtraction information was missing, a sample of current-year electronic returns was used to impute this information, controlling for certain differences between these and imaged returns.
Starting with the tax year 2000 report, the data is stratified into twelve income groups based on Maryland Adjusted Gross Income (MD AGI). In prior reports taxpayers with MD AGI over $100,000 were divided into two groups: over and under $200,000. The under $200,000 stratum has been broken into two segments, with the dividing line at $150,000. As the median household income in the State is now over $50,000, having as many strata above that line as below it seemed appropriate.
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IncomeDeductionsMarylandReturnsLimitation