Form 3903 for Montgomery Maryland 2024-2025

Form 3903 for Montgomery Maryland: What You Should Know

There are some circumstances, however, in which the moving expense deduction may apply. The following are important rules for determining whether moving expenses are taxable. For more information, visit. Moving Expenses Do Not Deduct in Maryland — If a taxpayer is temporarily moved from one residence to another while working or attending school in an official position, the taxpayer's move expenses are not deductible. Example: A taxpayer has a part-time job as a contractor for the University of Maryland while attending graduate school at the University, where he is earning a salary of 100,000 plus health and retirement benefits. The taxpayer's residence is temporarily moved from an apartment in Baltimore to a residence in Gaithersburg to facilitate his student life. The taxpayer is still employed by his part-time job during the temporary move. The taxpayer's household income from his student income remains the same. If the taxpayer's moving expenses were deductible in Baltimore, they are not deductible in Gaithersburg. Even though he spends a substantial part of his time attending his student activities in Gaithersburg, the taxpayer does not meet the test for a permanent residence, and thus does not have any income from his Gaithersburg residence to deduct on his student tax return for that year. Moving Expenses Cannot Be Deducted in Maryland — If a taxpayer moves to a new address while working or attending school in an official position, the moving expenses are not deductible. Example: A taxpayer is hired as a sales representative for a company that is located in Baltimore. The taxpayer's residence is permanently moved from a residence in Annapolis to a residence in Gaithersburg to facilitate his student life. The taxpayer is working and attending school full-time in Gaithersburg. The taxpayer is not working full-time in Baltimore. The taxpayer's household income from income earned in Gaithersburg is not sufficient to deduct on his Maryland student tax return for that tax year. The taxpayer's moving expenses are deductible in Gaithersburg. Moving Expenses Are Taxed in Maryland — If a moving expenses deduction was made available to a taxpayer in Maryland, the income from the move may be exempt from tax because of the taxpayer's status as an exempt person. Example: A taxpayer lives in Maryland with her husband and has a spouse living in Washington. The taxpayer and her spouse each own their homes in Maryland. The taxpayer's husband is a licensed independent contractor and the taxpayer holds a work permit for a position in Maryland.

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