Form 502D Personal Declaration of Estimated Income Tax - Maryland

What Is Form 502D?

This is a legal form that was released by the Comptroller of Maryland - a government authority operating within Maryland. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 502D?
A: Form 502D is a Personal Declaration of Estimated Income Tax for residents of Maryland.

Q: Who needs to file Form 502D?
A: Residents of Maryland who expect to owe more than $500 in state income tax for the year must file Form 502D.

Q: What is the purpose of Form 502D?
A: The purpose of Form 502D is to declare the estimated income tax that will be owed to the state of Maryland.

Q: When is Form 502D due?
A: Form 502D is generally due on April 15th, or on the same day as the federal tax return.

Q: What information is required on Form 502D?
A: Form 502D requires the taxpayer to provide their personal information, estimate their income, deductions, and credits, and calculate the estimated tax owed.

Q: Can I e-file Form 502D?
A: Yes, Maryland taxpayers have the option to e-file Form 502D.

Q: What happens if I don't file Form 502D?
A: Failure to file Form 502D or pay the estimated tax can result in penalties and interest charges.

Q: Can I make changes to my estimated tax payments?
A: Yes, taxpayers can make changes by filing an amended Form 502D if their estimated income or deductions change significantly.

Q: Can I get an extension to file Form 502D?
A: Maryland does not provide an automatic extension for filing Form 502D, but taxpayers can request an extension if they need more time to file.