00 00 00 00 00 00 00 00 00 00 00 00 00 00 COM/RAD-012 08/24 INCOME TAX CREDITS FOR INDIVIDUALS Attach to your tax return. MARYLAND FORM 502CR 2024 Print Using Blue or Black Ink Only 1. Enter your taxable net income from Line 20, Form 502 (or Line 10, Form 504). . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Taxable net income in other state. Write on this Line only the net income which is taxable in both the other state and Maryland. If you are taxed in the other state on income which is not taxable in Maryland, do not include that amount here. NOTE: When the tax in the other state is a percentage of a tax based on your total income regardless of source, you must apply the same percentage to your taxable income in the other state to determine the income taxable in both states.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Revised taxable net income (Subtract Line 2 from Line 1.) If less than zero, enter zero.. . . . . . . . . . . . . . . . . . 3. 4. Enter the Maryland tax (sum of Lines 21 and 21a, Form 502; or Line 11, Form 504). This is the Maryland tax based on your total income for the year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Tax on amount on Line 3. Compute the Maryland tax that would be due on the revised taxable net income by using the Maryland Tax Table or Computation Worksheet contained in the instructions for Forms 502 or 504. Do not include the local income tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 6. Tentative State tax credit (Subtract Line 5 from Line 4.) If less than zero, enter zero.. . . . . . . . . . . . . . . . . . . 6. 7. Enter the Local tax from Line 28, Form 502 (or Line 18, Form 504). This is the Local tax based on your total income for the year.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. 8. Local tax on amount on Line 3. Compute the Local tax that would be due on the revised taxable net income by multiplying Line 3 by your Local tax rate .0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 9. Tentative Local tax credit (Subtract Line 8 from Line 7.) If less than zero, enter zero.. . . . . . . . . . . . . . . . . . . 9. 10. Tentative Total tax credit (Add Line 6 and Line 9.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. 11. Total state and local tax shown on tax return(s) filed with the state of (Enter 2-letter state code, code must be entered for credit to be allowed)

Enter the amount of your 2024 income tax liability (after deducting any credits for personal exemptions) to the other state and locality in the other state (where applicable). Do not enter state or locality tax withheld from your W-2 forms. It is important that a copy of the tax return that was filed with the other state and/or locality be attached to your Maryland return. . . . . . . . . . . . . . 11. 12. Credit for income tax paid to other state and/or locality. Your credit for taxes paid to another state and/or locality is the smaller of the tax actually paid (Line 11) or the reduction in Maryland tax resulting from the exclusion of income in the other state and/or locality (Line 10). Write the lesser of Line 11 or Line 10. . . . . . . . . . . . . . . . 12. State and Local Credits Allowed 13. State Credit for Income Tax Paid to other state (Lesser of Line 6 or Line 12). Enter on Line 1, Part AA. . . . 13. 14. Local Credit for Income Tax Paid to other state (Subtract Line 13 from Line 12.) Enter on Line 1, Part BB. . 14. Read Instructions for Form 502CR. Note: You must complete and submit pages 1 through 4 of this form to receive credit for the items listed. PART A - TAX CREDITS FOR INCOME TAXES PAID TO OTHER STATES AND LOCALITIES If you were a part-year resident, do not claim a credit for tax paid on nonresident income you included on Line 12 of the Form 502. If you are claiming a credit for taxes paid to multiple states and/or localities, see instructions. Your Social Security Number Spouse's Social Security Number Your First Name

MI Your Last Name

Spouse's First Name MI Spouse's Last Name

00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00

1500 . MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS Attach to your tax return. COM/RAD-012 2024 08/24 Page 2 COLUMN A NAME OF QUALIFYING INSURED INDIVIDUAL COLUMN B SOCIAL SECURITY NO. OF INSURED AGE COLUMN C RELATIONSHIP TO TAXPAYER COLUMN D AMOUNT OF PREMIUM PAID COLUMN E CREDIT AMOUNT NAME SSN PART B - CREDIT FOR CHILD AND DEPENDENT CARE EXPENSES 1. Enter your federal adjusted gross income from Line 1 of Form 502. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Enter your federal Child and Dependent Care Credit from federal Form 2441. . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Enter the decimal amount from the chart in the instructions that applies to the amount on Line 1. . . . . . . . . . . . . 3. 4. Multiply Line 2 by Line 3. Enter here and on Part AA, Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. PART C - QUALITY TEACHER INCENTIVE CREDIT 1. Enter the name of the Maryland public school system or a State or local correctional facility or qualified juvenile facility in which you are employed and teach. . . . . . . 1. 1. 2. Enter amount of tuition paid to: . . . . . . . . . . . . . . . . 2. 2. 3. Enter amount of tuition reimbursement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 3. 4. Subtract Line 3 from Line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 4. 5. Maximum Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 5. 6. Enter the lesser of Line 4 or Line 5 here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 6. 7. Total (Add amounts from Line 6, for Taxpayers A and B). Enter here and on Part AA, Line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. PART D - CREDIT FOR AQUACULTURE OYSTER FLOATS 1. Enter the amount paid to purchase an aquaculture oyster float(s) Enter here and on Part AA, Line 4. This credit is limited. See Instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. PART E - LONG-TERM CARE INSURANCE CREDIT: (THIS IS A ONE-TIME CREDIT.) Answer the questions and see instructions below before completing Columns A through E for each person for whom you paid long-term care insurance premiums. Question 1 - Did the insured individual have long-term care insurance prior to July 1, 2000? . . . . . . . . . . . . . . . . . . . . . . . . Yes No Question 2 - Is the credit being claimed for the insured individual in this year by any other taxpayer?. . . . . . . . . . . . . . . . . . Yes No Question 3 - Has credit been claimed by anyone for the insured individual in any other tax year?. . . . . . . . . . . . . . . . . . . . Yes No Question 4 - Is the insured individual for whom the credit is being claimed a nonresident of Maryland?. . . . . . . . . . . . . . . . . Yes No If you answered YES to any of the above questions, that insured person does NOT qualify for the credit. Complete Columns A through D only for insured individuals who qualify for credit. Enter in Column E the lesser of the amount of premium paid for each insured person or: • $470 for those insured who are 40 or less, as of 12/31/24 • $500 for those insured who are over age 40, as of 12/31/24 Add the amounts in Column E and enter the total on Line 5 (total) and on Part AA, Line 5.

TAXPAYER A TAXPAYER B Name of Institution(s) Name of Institution(s) 1. 1. 2. 2. 3. 3. 4. 4. 5. TOTAL 5. PART F - CREDIT FOR PRESERVATION AND CONSERVATION EASEMENTS PTE members may not use the Form 502CR to claim this credit. 1. Enter the portion of the total current-year conveyance amount, and any carryover from prior year(s), attributable to each taxpayer. . . . . . . . . . . . . . . . . . 1. 1. 2. Enter the amount of any payment received for the easement by each taxpayer during 2024. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 2. 3. Subtract Line 2 from Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 3. 4. Enter the amount from Line 21 and 21a of Form 502; Line 32d of Form 505; Line 33 and 33a of Form 515; Line 13 of Form 504 or $5,000, whichever is less. See instructions. ..4. 4. 5. Enter the lesser of Line 3 or 4 here. (If you itemize deductions, see Instruction 14.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 5. 6. Total (Add amounts from Line 5 for Taxpayers A and B). Enter here and on Part AA, Line 6. . . . . . . . . . . . . . . 6. 7. Excess credit carryover. Subtract Line 6 from the sum of Lines 3A and 3B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. TAXPAYER A TAXPAYER B

1500

00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS Attach to your tax return. COM/RAD-012 2024 08/24 Page 3 NAME SSN PART G – VENISON DONATION TAX CREDIT 1. Enter the amount up to $75 per donated deer of qualified expenses to butcher and process an antlerless deer for human consumption. Enter here and on Part AA, Line 7. This credit is limited. See Instructions. Number of antlerless deer donated ____ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. PART H – COMMUNITY INVESTMENT TAX CREDIT ** must attach required certification This credit is limited to individual taxpayers who have elected not to claim this credit on Form 500CR. If you have an Excess Carryover on Form 500CR attributable to any credit other than the Community Investment Tax Credit (CITC), you are not eligible to claim the CITC on Form 502CR. You must use Form 500CR. Also, PTE members may not elect to use Form 502CR to claim the CITC. 1. Enter the amount of Excess CITC Carryover from 2023. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Amount of approved contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Enter 50% of Line 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Enter the amount from Line 3 or $250,000, whichever is less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Add Line 1 and Line 4. Enter the result here and on Part AA, Line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. PART I – ENDOW MARYLAND TAX CREDIT **must attach required certification This credit is limited to individual taxpayers who have elected not to claim this credit on Form 500CR. 1. Enter the amount of Excess Endow Maryland Tax Credit Carryover from 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Amount of approved donation to a qualified permanent endowment fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Enter 25% of Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Enter the amount from Line 3 or $50,000, whichever is less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Add Line 1 and Line 4. Enter the result here and on Part AA, Line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Note: Line 2 of Part I requires an addition to income. See Instruction 12. PART J – PRECEPTORS IN AREAS WITH HEALTH CARE WORKFORCE SHORTAGES TAX CREDIT ** must attach required certification 1. Physician Preceptorship Tax Credit: Enter amount certified by Maryland Department of Health (See Instructions for specific requirements.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Nurse Practitioner Preceptorship Tax Credit: Enter amount certified by Maryland Department of Health (See Instructions for specific requirements.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Physician Assistant Preceptorship Tax Credit: Enter amount certified by Maryland Department of Health (See Instructions for specific requirements). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Add Line 1, 2, and 3. Enter the result here and on Part AA, Line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. PART K - INDEPENDENT LIVING TAX CREDIT ** must attach required certification 1. Credit (Certified by the Maryland Department of Housing and Community Development) Enter here and on Part AA, Line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. PART L - ENDOWMENTS OF MARYLAND HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TAX CREDIT

** must attach required certification 1. Credit (Certified by the Office of The Comptroller). Enter here and on Part AA Line 12.. . . . . . . . . . . . . . . . . . 1. PART M - SENIOR TAX CREDIT 1. Enter the credit claimed here and on Part AA, Line 13 (See Instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. PART AA - INCOME TAX CREDIT SUMMARY 1. Enter the amount from Part A, Line 13 (If more than one state, see Instructions.). . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Enter the amount from Part B, Line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Enter the amount from Part C, Line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Enter the amount from Part D, Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Enter the amount from Part E, Line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 6. Enter the amount from Part F, Line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 7. Enter the amount from Part G, Line 1.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. 8. Enter the amount from Part H, Line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 9. Enter the amount from Part I, Line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. 10. Enter the amount from Part J, Line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. 11. Enter the amount from Part K, Line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. 12. Enter the amount from Part L, Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. 13. Enter the amount from Part M, Line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.

00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 NAME SSN MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS Attach to your tax return. COM/RAD-012 2024 08/24 Page 4 PART BB – LOCAL INCOME TAX CREDIT SUMMARY 1. Enter the amount from Part A, Line 14 (If more than one state, see Instructions.) . . . . . . . . . . . . . . . . . . . . . 1. Enter this amount on Line 31 of Form 502; Line 19 of Form 504. PART CC- REFUNDABLE INCOME TAX CREDITS 1. Student Loan Debt Relief Tax Credit (See Instructions.). Enter the amount and attach certification. . . . . . . .

1. 2. Maryland Historic Revitalization Tax Credit (See Instructions for Form 502S). Attach certification(s).. . . . . . .

2. 3. Refundable Business Income Tax Credit (See Instructions for Form 500CR.) You must file your return electronically to claim a business income tax credit. 4. IRC Section 1341 Repayment Credit. (See Instructions and Administrative Release 40.) Attach documentation.

4. 5. Catalytic Revitalization Projects and Historic Revitalization Tax Credit 5a. Completed Projects 5b. Phased Projects Total Credit Claimed for Completed and Phased Projects (add Lines 5a. and 5b. Enter the result on Line 5.).

5. 6. Flow-through Nonresident PTE tax (See Instructions for required attachments.) . . . . . . . . . . . . . . . . . . . . . . .

6. 7. Refundable credit for Child and Dependent Care Expenses. (See Instructions.). . . . . . . . . . . . . . . . . . . . . . .

7. 8. Refundable Maryland Child Tax Credit (See worksheet 21C Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. 9. PTE Tax paid on members' distributive or pro rata shares of income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. 10. Total. (Add Lines 1 through 9.) Enter this amount on Line 43 of Form 502, Line 46 of Form 505 or Line 51 of Form 515. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. PART DD- RECAPTURE OF PREVIOUSLY CLAIMED CREDIT 1. Recapture of Student Loan Debt Relief Tax Credit for 2021 (See Instructions). Enter this amount on Line 21a of Form 502, Line 32d of Form 505, or Line 33a of Form 515 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 14. Total (Add Lines 1 through 13.) Enter this amount on Line 24 of Form 502; Line 14 of Form 504; Line 34 of Form 505 or Line 35 of Form 515. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.

GENERAL INSTRUCTIONS Purpose of Form. Form 502CR is used to claim personal income tax credits for individuals (including resident fiducia­ ries). The following tax credits are nonrefundable and may not exceed the state income tax: Income Taxes Paid to Other States and Localities, Child and Dependent Care Expenses, Quality Teacher Incentive, Aquaculture Oyster Floats, Long-Term Care In­surance, Preservation and Conservation Ease­ments, Venison Donation, Community Investment, Endow Maryland, Precep­tors in Areas with Health Care Workforce Shortages, Independent Living, Endowments of Maryland Historically Black Colleges and Universities, and Senior Tax Credit. Excess credit for the Preservation and Conservation Easements, Community Investment, En­dow Maryland, and Endowments of Maryland Historically Black Colleges and Universities may be carried forward to the next tax year. All other nonrefundable credits cannot be carried forward. The following tax credits are refundable: Student Loan Debt Relief, Maryland Historic Revitalization, IRC Section 1341 Repayment, Catalytic Revitalization Projects, Flow-Through Nonresident PTE, Child and Dependent Care Expenses, Mary­ land Child Tax, and PTE paid on members’ distributive or pro rata shares of income. NOTE: • You must file Form 500CR electronically to claim any busi­ ness income tax credit other than the Community Invest­ ment and En­dow Maryland Tax Credits. • Resident fiduciaries may use Form 502CR to claim only a credit for income taxes paid to other states and/or localities or a credit for Preservation and Conser­vation Easements. Name and Other Information. Type or print the name(s) as shown on Form 502, 505, 515 or 504 in the designat­ ed area. Enter the Social Security number for each taxpayer. Form 502CR must be attached to the annual return (Form 502, 504, 505 or 515). PART A - CREDIT FOR INCOME TAXES PAID TO OTHER STATES AND LOCALITIES Review Administrative Release 42 for additional instruc­ tions and required documentation. If you are a Maryland resident (including a resident fiduciary) and you paid income tax to another state, you may be eligible for State and local tax credits on your Maryland return. Non­ residents (filing Form 505, 515 or 504) are not eligible for this credit. Find the state to which you paid a nonresident tax or the state of the locality to which you paid a nonresident tax in one of the following groups. The instructions for that group will tell you if you are eligible for credit and should complete Part A of Form 502CR. You must file your Maryland income tax return on Form 502 and complete Lines 1 through 21a and Line 28 of that form, or on Form 504 and complete Lines 1 through 11 and Line 18. Then complete Form 502CR Parts A, AA, and BB and attach to Form 502 or 504. A completed, signed copy of the income tax return filed in the other state and/or locality must also be attached to Form 502 or 504. CAUTION: Do not use the income or withholding tax reported on the wage and tax statement (W-2 form) issued by your em­ ployer for the credit computation. Use the taxable income and the income tax calculated on the return you filed with the other state. Claiming Credit for Taxes Paid to Multiple States and Lo­ calities If you are claiming credit for taxes paid to multiple states, a separate Form 502CR must be completed for each state. Total the amount from each Form 502CR, Part A, Line 13 and Line 14. Using only one Form 502CR as a summary sec­ tion, record the total amount from Line 13 of the separate Forms 502CR on Line 1, Part AA of the summary Form 502CR. Record the total amount from Line 14 of the separate Forms 502CR on Line 1, Part BB of the summary Form 502CR. GROUP I - Nonreciprocal - Credit is taken on the Maryland resi­ dent return. • Alabama - AL • Arizona - AZ • Arkansas - AR • California - CA • Colorado - CO • Connecticut - CT • Delaware - DE • Georgia - GA • Hawaii - HI • Idaho - ID • Illinois - IL • Indiana - IN • Iowa - IA • Kansas - KS • Kentucky - KY • Louisiana - LA • Maine - ME • Massachusetts - MA • Michigan - MI • Minnesota - MN • Mississippi - MS • Missouri - MO • Montana - MT • Nebraska - NE • New Hampshire - NH • New Jersey - NJ • New Mexico - NM • New York - NY • North Carolina - NC • North Dakota - ND • Ohio - OH • Oklahoma - OK • Oregon - OR Pennsylvania - PA (except wage income) • Rhode Island - RI • South Carolina - SC • Tennessee - TN • Texas - TX • Utah - UT • Vermont - VT • Virginia - VA (except wage income) • Washington, DC - DC (except wage income) • West Virginia - WV (except wage income) Wisconsin - WI Territories and Possessions of the United States • American Samoa - AS • Guam - GU • Northern Mariana • Island - MP • Puerto Rico - PR • U.S. Virgin Islands - VI A Maryland resident (including a resident fiduciary) having in­ come from one of these states must report the income on the Maryland return Form 502 or 504. To claim a credit for taxes paid to the other state, and/or local jurisdiction in the other state, complete Form 502CR and attach it and a copy of the other state’s nonresident income tax return (not just your W-2 Form) and, if applicable, the local jurisdiction's nonresident in­ come tax return to your Maryland return. GROUP II - Reciprocal for wages, salaries, tips and commission income only. Pennsylvania - PA Washington, DC - DC Virginia - VA West Virginia - WV Maryland has a reciprocal agreement with the states included in Group II. The agreement applies only to wages, salaries, tips and commissions. It does not apply to business income, farm income, rental income, gain from the sale of tangible property, etc. If you had such income subject to tax in these states, com­ plete Form 502CR and attach it and a copy of the other state’s nonresident income tax return (not just your W-2 Form) and, if applicable, the local tax jurisdiction's nonresident income tax return to your Maryland return. If you had wages, plus income other than wages from a state listed in Group II, you should contact the taxing authorities in the other state to determine the proper method for filing the nonresident return. NOTE: If you had wages subject to tax in a locality in Pennsyl­ vania, you may file Form 502CR to claim a State and local tax credit. Enter the amount of tax that you paid to the locality on Line 11, Part A of the Form 502CR. GROUP III - No state income tax - No credit allowed. Alaska - AK South Dakota - SD Florida - FL Washington - WA Nevada - NV Wyoming - WY You must report income from these states on your Maryland resi­ dent return. You cannot claim any credit for income earned in these states because you did not pay any income tax to the other state. There is an addba––ck required for the portion of the credit for taxes paid to another state that represents tax an out-of-state pass-through entity paid on the member’s pro rata share of in­ come in that state and passed through to the member. Individual taxpayers, see Resident Booklet instructions for addition modifica­ tion t. Fiduciary taxpayers, see Fiduciary Booklet Instruction 7. MARYLAND FORM 502CR 2024 COM/RAD-012 08/24 INCOME TAX CREDITS FOR INDIVIDUALS INSTRUCTIONS Page 1

PART A – IMPORTANT NOTE FOR DUAL RESIDENTS A person may be a resident of more than one state at the same time for income tax purposes. If you must file a resident return with both Maryland and another state, use the following rules to determine where the credit should be taken: 1. A person who is domiciled in Maryland and who is subject to tax as a resident of any of the states listed in Group I or II can claim a credit on the Maryland return (Form 502) using Part A of Form 502CR. 2. A person domiciled in any state listed in Group I or II who must file a resident return with Maryland must take the credit in the state of domicile. LOCAL TAX RATE The local tax rate used on Line 8 to compute the local tax is the rate applicable to the revised taxable net income on Line 3. See Resident Booklet Instruction 19 for more information on local tax rates. PART B - CREDIT FOR CHILD AND DEPENDENT CARE EXPENSES **For Maryland Residents Only** If you were a Maryland resident eligible for a Child and De­ pendent Care Credit on your federal income tax return for tax year 2024, you may be entitled to a credit on your Maryland state income tax return. The credit starts at 32% of the federal credit allowed, but is phased out for taxpayers with federal ad­ justed gross incomes above $169,900* for married filing joint and $109,300* for all other filing statuses. Use the CREDIT FOR CHILD AND DEPENDENT CARE EXPENSES CHART on next page to determine the decimal amount to be entered on Line 3 of Part B. *NOTE: The FAGI figures indicated have been adjusted for tax­ able year 2024. For more information, visit marylandtaxes.gov. REFUNDABLE CHILD AND DEPENDENT CARE EXPENSES TAX CREDIT WORKSHEET (21B) 1. Enter your Federal Adjusted Gross Income (FAGI) from Line 1 of Form 502. If you are filing an Individual return and your FAGI is greater than $59,400* STOP, you are not eligible for this refundable tax credit. If you are filing a Joint return and your FAGI is greater than $89,100* STOP, you are not eligible for this refundable tax credit. . 2. Enter your Child and Dependent Care Expenses tax credit from Part B, Line 4 of Form 502CR . . . . . . . . . . . . . . . . . . . . . . . 2. 3. Enter Maryland tax (sum of Lines 21 and 21a of Form 502). . . . . . . . . . . . . . . . . . . . 3. 4. Subtract Line 3 from Line 2. If this amount is zero (0) or less than zero (0), enter zero (0). This is your Refundable Child and Dependent Care Expenses Tax Credit. Enter this amount in Part CC, Line 7 of Form 502CR. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. *NOTE: The FAGI figures indicated have been adjusted for taxable year 2024. For more information, visit marylandtaxes.gov. PART C - QUALITY TEACHER INCENTIVE CREDIT If you are a qualified teacher, you may be able to claim a credit against your State tax liability for tuition paid to take graduate-level courses required to maintain certification. This credit applies to in­ dividuals who: a. Currently hold a standard professional certificate or advanced professional certificate; b. Are employed by a county/city board of education in Maryland, a state or local correctional facility, or a juvenile correc­ tional facility as listed below in the note; c. Teach in a public school or qualified facility and receive a satisfactory performance; d. Successfully complete the courses with a grade of B or bet­ ter; and e. Have not been fully reimbursed by the state/county/city for these expenses. Only the unreimbursed portion qualifies for the credit. Each spouse that qualifies may claim this credit. Complete a sep­ arate column in the worksheet for each spouse. NOTE: Qualified juvenile facilities are: the Alfred D. Noyes Children's Center; the Baltimore City Juvenile Justice Center; the Charles H. Hickey, Jr. School; the Cheltenham Youth Facility; the Lower East­ ern Shore Children's Center; the Thomas J. S. Waxter Children's Center; the Victor Cullen Center; the Garrett Children's Center; the Western Maryland Children's Center; and the youth centers. INSTRUCTIONS Line 1 Enter the name of the Maryland public school system or State or local correctional facility or qualified juvenile fa­ cility in which you are employed and teach. Line 2 Enter the amount of tuition paid for graduate-level courses for each qualifying teacher and the name of the institution(s) to which it was paid. Line 3 Enter the amount received as a reimbursement for tuition from your employer. Line 5 The maximum amount of credit allowed is $1,500 for each qualifying individual. Line 6 The credit is limited to the amount paid less any reim­ bursement up to the maximum amount allowed for each qualifying individual. Enter the lesser of Line 4 or Line 5. Line 7 Enter the total of Line 6, for Taxpayers A and B. Also en­ ter this amount on Part AA, Line 3. PART D - CREDIT FOR AQUACULTURE OYSTER FLOATS A credit is allowed for 100% of the amounts paid to purchase new aquaculture oyster floats that are designed to grow oysters at or under an individual homeowner’s pier. The devices must be buoy­ ant and assist in the growth of oysters for the width of the pier. In the case of a joint return, each spouse is entitled to claim the credit, provided each spouse purchases or contributes to the purchase of a float. The credit amount is limited to the lesser of the individual’s state tax liability for that year or the maximum allowable credit of $500. In the case of a joint return, each spouse must calculate their own state tax liability for limitation purposes. PART E - LONG-TERM CARE INSURANCE CREDIT A one-time credit may be claimed against the state income tax for the payment of qualified long-term care (LTC) insurance premiums as defined by the IRS (Publication 502) for a policy to insure your­ self, or your spouse, parent, stepparent, child or stepchild, who is a resident of Maryland. A credit may not be claimed if: a. The insured was covered by LTC insurance prior to July 1, 2000; b. The credit for the insured is being claimed in this year by another taxpayer; c. The credit is being or has been claimed by anyone in any other tax year; or d. The insured is a nonresident of Maryland. The credit is equal to the LTC premiums paid per insured up to the following amounts. Amount Age of Insured as of 12/31/24 $470 40 or less $500 over 40 years 1. MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS INSTRUCTIONS 2024 COM/RAD-012 08/24 Page 2

CREDIT FOR CHILD AND DEPENDENT CARE EXPENSES CHART Individual taxpayer, if your federal adjusted gross income is: Decimal Amount (multiply by federal credit) Married Taxpayer, if your federal adjusted gross income is: At Least But Less Than At Least But Less Than $0 $30,001 0.3200 $0 $50,001 $30,001 $32,001 0.3168 $50,001 $53,001 $32,001 $34,001 0.3136 $53,001 $56,001 $34,001 $36,001 0.3104 $56,001 $59,001 $36,001 $38,001 0.3072 $59,001 $62,001 $38,001 $40,001 0.3040 $62,001 $65,001 $40,001 $42,001 0.3008 $65,001 $68,001 $42,001 $44,001 0.2976 $68,001 $71,001 $44,001 $46,001 0.2944 $71,001 $74,001 $46,001 $48,001 0.2912 $74,001 $77,001 $48,001 $50,001 0.2880 $77,001 $80,001 $50,001 $52,001 0.2848 $80,001 $83,001 $52,001 $54,001 0.2816 $83,001 $86,001 $54,001 $56,001 0.2784 $86,001 $89,001 $56,001 $58,001 0.2752 $89,001 $92,001 $58,001 $60,001 0.2720 $92,001 $95,001 $60,001 $62,001 0.2688 $95,001 $98,001 $62,001 $64,001 0.2656 $98,001 $101,001 $64,001 $66,001 0.2624 $101,001 $104,001 $66,001 $68,001 0.2592 $104,001 $107,001 $68,001 $70,001 0.2560 $107,001 $110,001 $70,001 $72,001 0.2528 $110,001 $113,001 $72,001 $74,001 0.2496 $113,001 $116,001 $74,001 $76,001 0.2464 $116,001 $119,001 $76,001 $78,001 0.2432 $119,001 $122,001 $78,001 $80,001 0.2400 $122,001 $125,001 $80,001 $82,001 0.2368 $125,001 $128,001 $82,001 $84,001 0.2336 $128,001 $131,001 $84,001 $86,001 0.2304 $131,001 $134,001 $86,001 $88,001 0.2272 $134,001 $137,001 $88,001 $90,001 0.2240 $137,001 $140,001 $90,001 $92,001 0.2208 $140,001 $143,001 $92,001 $94,001 0.2176 $143,001 $146,001 $94,001 $96,001 0.2144 $146,001 $149,001 $96,001 $98,001 0.2112 $149,001 $152,001 $98,001 $100,001 0.2080 $152,001 $155,001 $100,001 $102,001 0.2048 $155,001 $158,001 $102,001 $103,001 0.2016 $158,001 $161,001 $103,001 $104,001 0.1984 $161,001 $164,001 $104,001 $105,001 0.1952 $164,001 $167,001 $105,001 $106,001 0.1920 $167,001 $169,901 $106,001 $107,001 0.1888 --- --- $107,001 $108,001 0.1856 --- --- $108,001 $109,001 0.1824 --- --- $109,001 $109,301 0.1792 --- --- $109,301 and up 0.0000 $169,901 and up MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS INSTRUCTIONS 2024 COM/RAD-012 08/24 Page 3

SPECIFIC INSTRUCTIONS • Answer Questions 1 through 4. If you answered “yes” for any of the questions, no credit is allowed for that individual. • Complete Columns A through D of the worksheet for each qualifying insured individual who qualifies for the credit. If more space is required, attach a separate statement. • Enter in Column E the amount of premiums paid for each qualifying insured individual up to the maximum for that age group. • Add the amounts in Column E and enter the total on Line 5. Also enter this amount on Part AA, Line 5.

PART F - CREDIT FOR PRESERVATION AND CONSERVA­ TION EASEMENTS Businesses or individuals may be eligible for a credit for an ease­ ment conveyed to the Maryland Environmental Trust, the Mary­ land Agricultural Land Preservation Foundation or the Maryland Department of Natural Resources to preserve open space, natu­ ral resources, agriculture, forest land, watersheds, significant ecosystems, viewsheds or historic properties if: 1. The easement is perpetual; 2. The easement is accepted and approved by the Board of Public Works; and 3. The fair market value of the property before and after the conveyance of the easement is substantiated by a certified real estate appraiser. Individuals who are eligible to claim the Credit for Preservation and Conservation Easements and who are not PTE members must claim this credit on Part F of the Form 502CR. PTE mem­ bers who are eligible for this credit must claim the credit on Form 500CR. The credit is equal to the difference in the fair market values of the property reduced by payments received for the easement. If the property is owned jointly by more than one individual, such as a married couple, each individual owner is entitled to the credit based on their percentage of ownership. The credit amount is limited to the lesser of the individual’s state tax liability for that year or the maximum allowable credit of $5,000, per owner, who qualifies to claim the credit. Complete a sepa­ rate column in the worksheet for each spouse. In the case of a joint return, each spouse must calculate their own state tax liability for limitation purposes. Use the rules for filing separate returns in Instruction 8 in the Resident booklet to calculate each spouse’s Maryland tax. In the case of a fiduciary return, the fidu­ ciary will complete the column for Taxpayer B only. If the individual’s allowable credit amount exceeds the maximum of $5,000, up to $5,000 can be carried forward each subsequent year until the allowable credit is used up or 15 years, whichever first occurs. Complete Lines 1-7 of Part F. If you itemize deductions, see Instruction 14 in the Resident booklet. For Line 1, enter the amount by which the fair market value of the property before the conveyance of the easement exceeds the fair market value after the conveyance as substantiated by a certified real estate appraiser, plus any carryover from the prior year. The carryover amount can be found on Part F, Line 7 of Form 502CR for tax year 2023. For additional information, contact the Maryland Environmental Trust at 410-514-7900, dnr.maryland.gov/met, the Maryland Agricultural Land Preservation Foundation at 410-841-5860, or the Department of Natural Resources at 410-260-8367. PART G- VENISON DONATION TAX CREDIT Individuals who hunt and harvest antlerless deer and then do- nate the processed meat to an organization exempt from taxa­ tion under § 501(c)(3) of the Internal Revenue Code may claim a credit against their State personal income tax. The credit amount is $75 per donated deer. The maximum credit amount is $300 unless the individual harvested the deer in accordance with a Deer Management Permit. No portion of the credit can be carried forward or exceed the amount incurred to butcher and process the donated deer. All individuals who claim the credit must comply with State hunting laws and regulations. The cred­ it may be claimed on Part G of Form 502CR. PART H - COMMUNITY INVESTMENT INCOME TAX CREDIT Businesses or individuals who contribute to approved Commu­ nity Investment Programs may be eligible for a credit against the Maryland State income tax. Contributions must be made to a nonprofit organization approved by the Department of Housing and Community Development (DHCD). The taxpayer must apply to and receive approval by the DHCD for each contribution for which a credit is claimed. Individuals who are eligible to claim the Community Investment Tax Credit (CITC), and who are not PTE members may elect to claim this credit on Part H of Form 502CR, instead of claiming the credit on Form 500CR. However, an individual may not claim this credit on both Form 500CR and Form 502CR. PTE members who are eligible for this credit must claim the credit on Form 500CR. Individuals who anticipate having a carryover of the CITC are advised to use Form 500CR instead of Form 502CR. Individuals who have an existing carryover on their 2023 Form 500CR may elect to use Form 502CR if their Excess Carryover Credit is at­ tributable only to the CITC. The credit is limited to 50% of the approved contributions (in­ cluding real property) not to exceed $250,000. NOTE: A copy of the required approval from the DHCD must be included with Form 502CR. SPECIFIC INSTRUCTIONS Line 1 Enter the amount of excess CITC carryover from 2023. Line 2 Enter the amount of approved contributions on Line 2. Line 3 Enter 50% of Line 2. Line 4 Enter the amount from Line 3 or $250,000, whichever is less. Line 5 Add Line 1 and Line 4. Enter the result on Line 5 and on Part AA, Line 8. This credit is not refundable and is applied only against the Mary­ land State income tax. To the extent the credit is earned in any year and it exceeds the State income tax, you are entitled to an excess carryover of the credit until it is used or it expires five years after the credit was earned, whichever comes first. For more information contact: Department of Housing and Community Development Division of Neighborhood Revitalization 2 N. Charles St., Suite 450 Baltimore, MD 21202 410-209-5800 citc.nr@mdhousing.org PART I – ENDOW MARYLAND TAX CREDIT A taxpayer who makes a donation to a qualified permanent endowment fund at an eligible community foundation may be eligible for a credit against the Maryland State income tax. The taxpayer must apply to the Maryland Department of Housing and Community Development (DHCD) for a certification for the donation. This certification must be attached to the Form 502CR at the time the Maryland income tax return is filed. MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS INSTRUCTIONS 2024 COM/RAD-012 08/24 Page 4

Individuals who are eligible to claim the Endow Maryland income tax credit, and who are not PTE members may elect to claim this credit on Part I of Form 502CR, instead of claiming the credit on Form 500CR. However, an individual may not claim this credit on both Form 500CR and Form 502CR. PTE members who are eligible for this credit must claim the credit on Form 500CR. Individuals who anticipate having a carryover of the Endow Maryland income tax credit are advised to use Form 500CR, in­ stead of Form 502CR. The credit is limited to 25% of the approved donation (in cash or publicly traded securities) not to exceed $50,000. NOTE: A copy of the required approval from the DHCD must be included with Form 502CR. SPECIFIC INSTRUCTIONS Line 1 Enter the amount of excess Endow Maryland Income Tax Credit carryover from 2023. Line 2 Enter the amount of approved donation to a qualified permanent endowment fund. Line 3 Enter 25% of Line 2. Line 4 Enter the amount from Line 3 or $50,000, whichever is less. Line 5 Add Line 1 and Line 4. Enter the result on Line 5 and on Part AA, Line 9. This credit is not refundable and is applied only against the Mary­ land State income tax. To the extent the credit is earned in any year and it exceeds the State income tax, you are entitled to an excess carryover of the credit until it is used, or it expires five years after the credit was earned, whichever comes first. NOTE: The amount of donation shown on Line 2 requires an addition to income. See Instruction 12 in the Maryland Resident Instruction Booklet. For more information contact: Department of Housing and Community Development Division of Neighborhood Revitalization 2 N. Charles St., Suite 450 Baltimore, MD 21202 410-209-5800 endowmaryland.nr@maryland.gov PART J – PRECEPTORS IN AREAS WITH HEALTH CARE WORKFORCE SHORTAGES TAX CREDIT If you are a qualified licensed physician, a qualified physician assistant, or a qualified nurse practitioner who served without compensation as a preceptor, you may be eligible to claim a nonrefundable credit against your State tax liability. There are three credits for qualified preceptors. The first credit on Line 1 is available for licensed physicians. The second credit on Line 2 is available for nurse practitioners or licensed physicians. The third credit on Line 3 is available for physician assistants, nurse practitioners, or licensed physicians. A licensed physician who served as a physician preceptor in a preceptorship program authorized by an accredited medical school in Maryland may claim a credit on Line 1 in the amount of $1,000 for each student rotation for which the licensed phy­ sician served as a physician preceptor without compensation. For purposes of claiming the credit on Line 1, “preceptorship program” means an organized system of clinical experience that, for the purpose of attaining specified learning objectives, pairs an enrolled student of a Liaison Committee on Medical Education-accredited medical school in Maryland or an individ­ ual in a postgraduate medical training program in Maryland with a licensed physician who meets the qualifications as a pre­ ceptor. To qualify for the credit, the licensed physician must have worked in an area of Maryland identified as having a health care workforce shortage by the Maryland Department of Health (MDH). The licensed physician must have worked a min­ imum of three rotations, each consisting of 100 hours of com­ munity-based clinical training. The amount of this credit may not exceed $10,000. A nurse practitioner or licensed physician who served as a pre­ ceptor in a preceptorship program approved by the Maryland Board of Nursing may claim a credit on Line 2 in the amount of $1,000 for each nurse practitioner student for whom the nurse practitioner or licensed physician served as a preceptor without compensation. For purposes of claiming the credit on Line 2, “preceptorship program” means an organized system of clinical experience that, for the purpose of attaining specified learning objectives, pairs a nurse practitioner student enrolled in a nurs­ ing education program that is recognized by the Maryland Board of Nursing with a nurse practitioner or licensed physician who meets the qualifications as a preceptor. To qualify for the credit, a nurse practitioner or licensed physician must have worked in an area of Maryland identified as having a health care workforce shortage by the Maryland Department of Health. The nurse practitioner or licensed physician must have worked a minimum of three rotations, each consisting of at least 100 hours of community-based clinical training. The amount of this credit may not exceed $10,000. A health care practitioner (i.e., a licensed physician, a physician assistant, or a registered nurse practitioner) who served as a preceptor in a preceptorship program approved by the Mary­ land Department of Health may claim a credit on Line 3 in the amount of $1,000 for each physician assistant student rotation for which the health care practitioner served as a physician assistant preceptor without compensation. For purposes of claiming the credit on Line 3, “preceptorship program” means an organized system of clinical experience that, for the purpose of attaining specified learning objectives, pairs an enrolled stu­ dent of a physician assistant program in the State with a health care practitioner who meets the qualifications of a preceptor. To qualify for the credit, a health care practitioner must have worked in an area of Maryland identified as having a health care workforce shortage by the Maryland Department of Health. The health care practitioner must have worked a minimum of three rotations, each consisting of at least 100 hours of com­ munity-based clinical training in family medicine, general inter­ nal medicine, or general pediatrics. The amount of this credit may not exceed $10,000. Eligibility for these credits is limited to funds budgeted. Appli­ cants seeking certification will be approved on a first-come, first-served basis. For more information, visit the Maryland Department of Health website at health.maryland.gov. INSTRUCTIONS Line 1 Enter on Line 1 the amount of the tax credit certified by MDH for a licensed physician who served as a physi­ cian preceptor in a preceptorship program, paired with enrolled student(s) of a liaison committee on medical education-accredited medical school in Maryland or an individual in a postgraduate medical training program in Maryland Line 2 Enter on Line 2 the amount of the tax credit certified by MDH for a nurse practitioner or licensed physician who served as a preceptor in a preceptorship program, paired with nurse practitioner student(s) enrolled in a nursing education program recognized by the Maryland Board of Nursing. Line 3 Enter on Line 3 the amount of the tax credit certified by MDH for a physician assistant, nurse practitioner, or licensed physician who served as a preceptor in a preceptorship program, paired with physician assistant student(s) enrolled in an education program recognized by the Maryland Board. MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS INSTRUCTIONS 2024 COM/RAD-012 08/24 Page 5

Line 4 Add Line 1, 2, and 3. Enter the result on Line 4 and on Part AA, Line 10. This credit is limited to the State tax. There is no carryover to another year. NOTE: A copy of the required certification from the Maryland Department of Health must be included with Form 502CR. PART K – INDEPENDENT LIVING TAX CREDIT An individual may claim a credit against their Maryland State income tax equal to 50% of the qualified expenses incurred during a taxable year to install accessibility and universal visit­ ability features to or within a home. “Accessibility and universal visitability features” means compo­ nents of renovation to an existing home that improves access to or within the home for individuals with disabilities. “Qualified expenses” means costs incurred to install accessibil­ ity and universal visitability features to or within a home. For any taxable year, the credit may not exceed the lesser of: (i) $5,000; or (ii) the State income tax imposed for the taxable year calculated before the application of the credits allowed under §§ 10–701, 10–701.1, and 10-741 of the Tax-General Article but after the application of any other credit allowed. The unused amount of the credit may not be carried over to any other taxable year. The credit amount is limited to the lesser of the individual's state tax liability for that year or the maximum allowable credit of $5,000. The qualified expenses incurred must be certified by the Maryland Department of Housing and Commu­ nity Development. To claim the credit, an individual shall: (i) file an amended income tax return for the taxable year in which the qualified expenses were incurred; and (ii) attach a copy of the Maryland Department of Housing and Community Development’s certification of the approved credit amount to the amended income tax return. For more information, contact: Maryland Department of Housing and Community Development 7800 Harkins Road Lanham, MD 20706 301-429-7400 dhcd.maryland.gov/Pages/Contact-Us.aspx customerservice.dhcd@maryland.gov PART L - ENDOWMENTS OF MARYLAND HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TAX CREDIT Taxpayers making donation to a qualified permanent endowment fund held at an eligible institution of higher education (Bowie State University, Coppin State University, Morgan State University, or University of Maryland Eastern Shore), may be eligible for a credit of 25% of the amount of donation. The tax credit application can be found at marylandtaxes.gov and must be emailed to HBCUtaxinfo@marylandtaxes.gov and will be approved on a first-come, first served basis by the Comptroller of Maryland. The application must be submitted in the calendar year the donation was made. Donors are required to submit docu­ mentation from the institution showing proof of donation within 30 days before a final tax credit certificate is issued. A taxpayer may claim the tax credit against the State income tax in the amount stated on the tax credit certificate issued by the Comptroller. If the credit exceeds the State income tax for the taxable year, the excess credit is non-refundable, but it may be carried forward and applied to succeeding taxable years until fully utilized. A taxpayer is required to add back the amount of the credit claimed to Maryland adjusted gross income or Maryland modified income to the extent excluded from fed­ eral adjusted gross income. Individual taxpayers that are eligible and are NOT PTE mem bers, may elect to claim the credit using Form 502CR instead of Form 500CR. However, a donor should NOT claim the credit on both Form 500CR and Form 502CR. PTE members and corpora­ tions must claim this credit on Form 500CR. Fiduciaries will claim this credit on Form 504CR. PART M - SENIOR TAX CREDIT A resident individual who is at least age 65 may claim a nonre­ fundable credit against the State income tax if the taxpayer's federal adjusted gross income does not exceed $100,000. The amount of the tax credit is equal to $1,000. For married filing jointly, qualifying surviving spouse, and head of household whose federal adjusted gross income does not exceed $150,000, the credit amount is $1,750 (reduced to $1,000 if only one spouse filing jointly is at least age 65).

Note: Unless otherwise indicated, part-year residents are not required to prorate the credit amount. PART AA - INCOME TAX CREDIT SUMMARY This part is to summarize Parts A through M. If the total from Part AA, Line 14 exceeds the state tax, the excess will not be refunded. PART BB - LOCAL TAX CREDIT SUMMARY This part is to summarize the total local tax credit available from Part A. If the total from Part BB, Line 1 exceeds the local tax, the excess will not be refunded. See the Instructions to Part A for questions concerning credit claimed for taxes paid to multiple states and/or localities. PART CC - REFUNDABLE INCOME TAX CREDITS LINE 1 STUDENT LOAN DEBT RELIEF TAX CREDIT The Student Loan Debt Relief Tax Credit may be claimed by certain qualified taxpayers in the amount certfied by the Maryland Higher Education Commis­ sion. Note: A copy of the required certification from the Maryland Higher Education Commis­ sion must be included with Form 502CR. “Quali­ fied taxpayer” means an individual who has incurred at least $20,000 in undergraduate and/or graduate student loan debt and has at least $5,000 in out­ standing undergraduate and/or graduate student loan debt when submitting an application for certification to the Maryland Higher Education Commission. The amount of any tax credit approved by the Maryland Higher Education Commission may not exceed $5,000. The refundable tax credit must be claimed against the State income tax for the taxable year in which the Maryland Higher Education Commission certifies the tax credit. Individuals applying for certification should submit an ap­ plication to the Maryland Higher Education Commission by September 15th of each year. The Maryland Higher Education Commission shall prioritize tax credit recipi­ ents and amounts based on qualified taxpayers who: (1) Have higher debt burden to income ratios; (2) Graduated from an institution of higher education located in Maryland; (3) Did not receive a tax credit in a prior year; (4) Were eligible for in-state tuition; or (5) Are a state employee. SPECIFIC INSTRUCTIONS Enter the amount of the certified tax credit by the Maryland Higher Education Commission on Line 1. The total amount of the credit claimed under this sec­ tion shall be recaptured if the individual does not use MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS INSTRUCTIONS 2024 COM/RAD-012 08/24 Page 6

the credit approved under this section for the repayment of the individual’s undergraduate and/or graduate stu­ dent loan debt within 3 years from the close of the tax­ able year for which the credit is claimed. The individual who claimed the credit shall pay the total amount of the credit claimed as taxes payable to the State for the tax­ able year in which the event requiring recapture of the credit occurs. For more information contact: Maryland Higher Education Commission 6 North Liberty Street Baltimore, MD 21201 410-767-3300 or 800-974-0203 studentdebttaxcredit.mhec@maryland.gov LINE 2 MARYLAND HISTORIC REVITALIZATION TAX

CREDIT See Form 502S Instructions. LINE 3 REFUNDABLE BUSINESS INCOME TAX CREDITS NOTE: You must file your income tax return electroni­ cally to claim any of the refundable credits listed below: See Form 500CR Instructions for qualifications for the One Maryland Economic Development Tax Credit, the Biotech­ nology Investment Incentive Tax Credit, Catalytic Revital­ ization Projects Credits, Small Business Relief Tax Credit, Film Production Activity Tax Credit, Small Business Re­ search and Development Tax Credit, the Innovation and Cybersecurity Incentive Tax Credits, and Theatrical Pro­ duction Tax Credit. You may download instructions from our website at marylandtaxes.gov. LINE 4 IRC SECTION 1341 REPAYMENT CREDIT If you repaid an amount this year reported as income on a prior year federal return that was greater than $3,000, you may be eligible for an IRC Section 1341 Repayment credit. Attach documentation. For additional informa­ tion, see Administrative Release 40. LINE 5 CATALYTIC REVITALIZATION PROJECTS AND

HISTORIC REVITALIZATION TAX CREDIT This is a refundable income tax credit for substan­ tial renovation of a property formerly owned by the state or federal government that was previously used as a college, K-12 school, hospital, mental health fa­ cility, or military facility. The Secretary of Housing and Community Development (SHCD)administers the credit and issues certificates to projects. Certificates may be issued as a single tax credit certifi­ cate on completion of the project or on completion of a phase for a phased project. On Line 5a, for 5 consecutive taxable years beginning with the taxable year in which the Catalytic Revitaliza­ tion Project is completed, enter the amount equal to 20% of the final credit certificate issued by DHCD upon completion of the project. On Line 5b, enter the amount equal to 100% of the final credit certificate issued by DHCD for the completion of a phase of the phased Catalytic Revitalization Project. On Line 5, enter the total amount (add Lines 5a. and 5b.) of all Catalytic Revitalization Projects and Historic Revitalization Tax Credits claimed for the current tax­ able year. If the tax credit allowed in any taxable year exceeds the total tax otherwise payable by the individual, business entity or nonprofit organization, a refund in the amount of the excess may be claimed. An individual may not claim this credit on both Form 502CR and Form 500CR. PTE members who are eligible for this credit must claim the credit on Form 500CR. NOTE: A copy of the required certification from the Maryland Department of Housing and Community De­ velopment must be included. LINE 6 FLOW-THROUGH NONRESIDENT PTE TAX CREDIT If you are the beneficiary of a trust or a Qualified Sub­ chapter S Trust for which nonresident PTE tax was paid, you may be entitled to a credit for your share of that tax. Enter the amount on this Line and attach both the Maryland Schedule K-1 (504) for the trust and a copy of the Maryland Schedule K-1 (510/511) issued to the trust by the PTE. If you are a member of a PTE for which nonresident tax was paid, you may be entitled to a credit for your share of that tax. Enter the amount on this Line and attach Maryland Schedule K-1 (510/511) issued to you and to the partnership, limited liability company, or S Corpora­ tion, by the PTE. Line 7 CREDIT FOR CHILD AND DEPENDENT CARE

EXPENSES This credit is applicable to residents only. If your Mary­ land credit for child and dependent care expenses ex­ ceeds your Maryland Tax, you may qualify for this cred­ it. See Form 502 Instructions. Line 8 . MARYLAND CHILD TAX CREDIT The Maryland Child Tax Credit may be claimed by cer­ tain individual and joint married filers with one or more qualifying children. Such filers with a federal adjusted gross income of $15,000 or less may claim a credit for each qualifying child in the amount of $500. There is no limit on the number of qualifying children for which the credit may be claimed, so long as they satisfy the requirements. A “qualified child” is (1) a dependent under the age of 6 on the last day of the tax year, or (2) a depen­ dent over age 5 and under age 17 who has a disability. “Child with a disability” means a child who has been determined through appropriate assessment as having autism, deaf-blindness, hearing impairment, includ­ ing deafness, emotional disability, intellectual disabil­ ity, multiple disabilities, orthopedic impairment, other health impairment, specific learning disability, speech or language impairment, traumatic brain injury, visual impairment, including blindness, and who because of that impairment needs special education and related services. Note: A copy of the required certification from a qualified physician stating the nature of the disability must be included with Form 502CR. See worksheet on next page for Refundable Child Tax Credit worksheet. MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS INSTRUCTIONS 2024 COM/RAD-012 08/24 Page 7

REFUNDABLE CHILD TAX CREDIT WORKSHEET (21C) YOU MAY CLAIM CREDIT IF: • YOUR federal adjusted gross income is $15,000 or less; and • YOUR qualified dependent must be: (1) a child under the age of 6 on the last day of the tax year, or (2) a child over age 5 and under age 17 who has a disability. 1. Enter your Federal Adjusted Gross Income that is equal or less than $15,000 from Line 1 of Form 502. Is Line 1 greater than $15,000? If yes, then STOP. YOU ARE NOT ELIGIBLE TO CLAIM THIS CREDIT. If no, proceed to Line 2 . . . . . . .. 1. 2. Maryland child tax credit (multiply $500 by the number of qualified children included on Form 502B) X $500. This is your child tax credit. Enter the amount here and on Part CC Line 8 of Form 502CR. . . . . . 2. LINE 9 PTE TAX PAID ON MEMBERS’ DISTRIBUTIVE OR

PRO RATA SHARES OF INCOME TAX CREDIT If you are a member of a PTE (pass-through entity) or a beneficiary of a business trust which elected to pay the tax imposed with respect to members’ distributive or pro rata shares, you may be entitled to a credit for your share of that tax paid. Enter the amount on this Line and attach Maryland Schedule K-1 (Form 510/511) issued to you. Line 10 ADD LINES 1 THROUGH 9. ENTER THE TOTAL

ON THE APPROPRIATE LINE OF THE INCOME

TAX FORM BEING FILED.

PART DD - RECAPTURE OF PREVIOUSLY CLAIMED CREDIT If you: (1) received a student loan debt relief tax credit certifi­ cate in tax year 2021, (2) claimed the credit on your 2021 return, AND (3) did not use the entire amount of the credit to repay student loan debt or failed to provide the Maryland High­ er Education Commission proof that you used the entire amount to repay student loan debt, then the amount of the credit must be repaid as taxes for tax year 2024. If any amount of the credit claimed on the tax return is not used to repay under­ graduate or graduate student loan debt, the entire credit amount must be repaid. Enter the amount of the credit to be recaptured on Part DD, Line 1. MARYLAND FORM 502CR INCOME TAX CREDITS FOR INDIVIDUALS INSTRUCTIONS 2024 COM/RAD-012 08/24 Page 8