maryland retirement income 2017 form 0 502rforms.marylandtaxes.gov/17_draft_forms/502r.pdf ·...
TRANSCRIPT
FINAL
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MARYLANDFORM
502R2017RETIREMENT INCOME
ATTACH TO YOUR FORM 502
COM/RAD-020
Part 5
9. TotalbenefitsyoureceivedfromSocialSecurityand/orRailroadRetirement,TierI andTierII(SeeInstructionsforPart5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9a .
10.AmountofmilitaryretirementincomesubtractedonMarylandForm502 (fromcodeletteruonForm502SU) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10a .
Part 6 If you claimed a Pension Exclusion on line 10 of Maryland Form 502, complete Part 6 using information from Worksheet 13A of the Maryland Resident Income Tax Return Instructions.
11.PensionExclusion(fromline5ofWorksheet13A) . . . . . . . . . . . . . . . . . . . . . . . . . . 11a .
Part 7 If you claimed the Retired Law Enforcement Officer or Fire, Rescue, or Emergency Services Personnel pension exclusion (from code letter rr on Form 502SU), complete Part 7 using information from Worksheet 13E of the Maryland Resident Income Tax Return Instructions.
12.RetiredLawEnforcementOfficerorFire,Rescue,orEmergencyServicesPersonnel pensionexclusion(fromline8ofWorksheet13E) . . . . . . . . . . . . . . . . . . . . . . . . . . .12a.
YourFirstName Initial YourLastName YourSocialSecurityNumber
Spouse'sFirstName Initial Spouse'sLastName Spouse'sSocialSecurityNumber
YourAge Spouse'sAge
Part 4 Retirement and Pension Benefits: Determine your source of retirement income and input the required information in the appropriate areas below.
Part 2
Part 3Areyouoryourspousetotallyandpermanentlydisabled?(CheckifYes): You Spouse
1. Retirementincomereceivedasapension,annuityorendowmentfroman"employeeretirementsystem"qualifiedunderSections401(a),403or457(b)oftheInternal RevenueCode.(Donotincludeatraditional,RothorSIMPLEindividualretirement accountorannuity(IRA),asimplifiedemployeeplan(SEP),aKeoghplan,anineligibledeferredcompensationplanorforeignretirementincome.) . . . . . . . . . . . . . . . . . . . . .1a .
2. AnIRAunderSection408(excludingSection408(k))oftheInternalRevenueCode.ExamplesincludeaSIMPLEIRAunderSection408(p)oftheInternalRevenueCode andatraditionalIRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2a.
3. AnIRAconsistingentirelyofcontributionsrolledoverfromadefined benefit plan . . . . . .3a.4. Asimplifiedemployeepension(SEP)underSection408(k)oftheInternalRevenueCode . .4a.
5. ARothIRAunderSection408AoftheInternalRevenueCode. . . . . . . . . . . . . . . . . . . .5a.
6. AnineligibledeferredcompensationplanunderSection457(f)oftheInternalRevenue Code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6a .
7. Otherretirementincome(forexample,aKeoghPlan,alsoknownasanHR-10), includingforeignretirementincome. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7a.
8. Total: Add the amounts in the above columns and enter here.(Thislineshouldreflect thetotalamountofpension,IRAandannuitiesreportedasincomeonlines15band16bof yourfederalForm1040orlines11band12bofyourfederalForm1040A) . . . . . . . . . . . . . . . . . . . . . . 8.
You Spouse
1b .
2b.
3b.
4b.
5b.
6b .
7b.
9b .
10b .
11b .
12b.
Source description: Amount included in Federal Adjusted Gross Income
You Spouse
.00.00
The Maryland General Assembly enacted House Bill 1148 in the 2016 Session requiring the collection of information detailing the amount of retirement income reported by an individual and/or their spouse by source.
Part 1
FINAL
10/13
/17
MARYLANDFORM
502R2017RETIREMENT INCOME
ATTACHTOYOURFORM502
COM/RAD-020
The Maryland General Assembly enacted House Bill 1148 in the 2016 Session requiring the collection of information detailing the amount of retirement income reported by an individual and/or their spouse by source.
CompleteForm502Rifyouoryourspousewererequiredtofilea2017Form502AND:
1. Reportedincomefromapension,annuityorindividualretirementaccountorannuity(IRA)onyourfederal incometaxreturn(onlines15band/or16boffederalForm1040orlines11band/or12boffederalForm1040A);
2. Receivedanyincomeduringthetaxyear(taxableornon-taxable)fromSocialSecurityorRailroadRetirement(TierIorTierII);
3. Claimedapensionexclusiononline10ofMarylandForm502;or
4. ClaimedapensionexclusiononForm502SUcode“rr”.
NonresidentsarenotrequiredtocompleteandfiletheForm502R.
Married individuals who filed Maryland returns with married filingseparatestatusshouldeachcompleteaseparateForm502R.
PRINT OR ENTER ALL INFORMATION USING BLUE OR BLACK INK
Part 1: Enter yourfirst name,middle initial, last nameandSocialSecuritynumberexactlyasenteredonForm502.IfyouarefilingajointMarylandreturn,alsoenterthenameandSocialSecuritynumberofyourspouse.
Part 2: EnteryourageasofDecember31,2017.IfyouarefilingajointMarylandreturn,alsoentertheageasofDecember31,2017ofyourspouse.
Part 3: Checktheappropriateboxifyouoryourspouseweretotallyandpermanentlydisabledonthelastdayofthetaxyear.
Part 4: Complete Part 4 if you or your spouse reported incomefromapension,annuityorindividualretirementaccountorannuity(IRA)onyourfederal incometaxreturn(lines15band/or16boffederalForm1040orlines11band/or12bof
federalForm1040A).Addtheseamountsandenteronline8.Thisamountmustequalthesumoftheretirementincomereported on your federal return (line 15b plus line 16b ofForm1040,orline11bplusline12bofForm1040A).
DONOT includeanybenefitsreceived fromSocialSecurityand/or Railroad Retirement, Tier I and Tier II, in Part 4.Thosebenefitsshouldbeincludedonline9ofPart5.
EXCEPTION:IfyouretiredondisabilityandreceivedataxabledisabilityretirementpensionorannuityreportedtoyouonForm 1099R and you report the taxable income aswageson line 7 of federal Form 1040 until you reach minimumretirement age, include this amount of taxable income online1ofPart4.
Part 5: CompletePart5ifyouoryourspousereceivedSocialSecurityorRailroadRetirementbenefits(TierIorTierII).Enterthegrossamountofthosebenefitsreceivedduringthetaxyear(donotenter the taxableamountonly) in theappropriatecolumn.
CompletePart5 ifyoureceivedmilitaryretirement incomesubtractedusingcodeletteruonMarylandForm502SU.
Part 6: Complete Part 6 if you or your spouse claimed a pensionexclusiononMarylandForm502.Entertheamountsintheappropriate columnusing the amounts calculated for eachspouseonline5ofthePENSIONEXCLUSIONCOMPUTATIONWORKSHEET (13A) which can be found in the MarylandResidentIncomeTaxReturnInstructions.
Part 7: CompletePart7 ifyouoryourspouseclaimedtheRetiredLaw Enforcement Officer or Fire, Rescue, or EmergencyServicesPersonnelpensionexclusion(fromcodeletterrronForm502SU).Entertheamountsintheappropriatecolumnusingtheamountscalculatedforeachspouseonline8oftheRETIREDLAWENFORCEMENTOFFICERORFIRE,RESCUE,OREMERGENCY SERVICES PERSONNEL PENSION EXCLUSIONCOMPUTATIONWORKSHEET(13E)whichcanbefoundintheMarylandResidentIncomeTaxReturnInstructions.
Pension,profit-sharingorstock
bonusplans-401(a),403or
457(b)
401(k)CashorDeferred
Arrangement
Deferredcompensationplanofa
stateorlocalgovernmentoratax
exemptorganization-457(b)
ThriftSavings
SIMPLE401(k)
SIMPLE IndividualRetirement
Account-408(p)
SIMPLE IndividualRetirement
Annuity-408(b)
TraditionalIndividualRetirement
AccountorAnnuity(IRA)
RolloverIRAconsistingentirelyof
contributionsfromadefinedbenefit
plan
SimplifiedEmployeePension-
408(k)
RothIRA-408A
IneligibleDeferredCompensation
Plan457(f)
Keoghretirementplansforself-
employedindividuals(alsoknown
asanHR-10plan)
Foreignretirementincome
Othertaxableretirementplans
1 Retirementincomereceivedasapension,annuityorendowmentfroman"employeeretirementsystem"qualifiedunderSections401(a),403or457(b)oftheInternalRevenueCode.(Donotincludeatraditional,RothorSIMPLEindividualretirementaccountorannuity(IRA),asimplifiedemployeeplan(SEP),aKeoghplan,anineligibledeferredcompensationplanorforeignretirementincome.)
X X X X X
2 AnIRAunderSection408(excludingSection408(k))oftheInternalRevenueCode.ExamplesincludeaSIMPLEIRAunderSection408(p)oftheInternalRevenueCodeandatraditionalIRA
X X X
3 AnIRAconsistingentirelyofcontributionsrolledoverfroma defined benefit plan X
4 Asimplifiedemployeepension(SEP)underSection408(k)oftheInternalRevenueCode X
5 ARothIRAunderSection408AoftheInternalRevenueCode X
6 AnineligibledeferredcompensationplanunderSection457(f)oftheInternalRevenueCode X
7 Othertaxableretirementincome(forexample,aKeoghPlan,alsoknownasanHR-10),includingforeignretirementincome
X X X