Md. Code Regs. 03.04.02.12

Current through Register Vol. 51, No. 24, December 2, 2024

Section 03.04.02.12 - Limitation for Part-Year Resident

Unless the Comptroller requires or allows another method, for taxable years beginning after December 31, 1992, an individual who is a resident for only part of the taxable year shall prorate the deduction for exemptions under Tax-General Article, §10-211 or 10-212, Annotated Code of Maryland, and the standard deduction under Tax-General Article, §10-217, or itemized deductions under Tax-General Article, §10-218, by using a fraction, the:

A. Numerator of which is the individual's Maryland adjusted gross income; and

B. Denominator of which is the individual's federal adjusted gross income.

Md. Code Regs. 03.04.02.12

Regulation .12 adopted effective October 25, 1993 (20:21 Md. R. 1653)