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§ 10-218. Individual itemized deductions

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 2. Maryland Taxable Income Calculations for Individual (Refs & Annos)
Part IV. Deductions and Tax Preference Items (Refs & Annos)
MD Code, Tax - General, § 10-218
§ 10-218. Individual itemized deductions
Currentness
In general
(a) Only an individual who itemizes deductions on the individual's federal income tax return may elect to itemize deductions on the individual's income tax return.
Construction with federal itemized deductions
(b) An individual who elects to itemize deductions is allowed as a deduction the sum of the individual's federal itemized deductions:
(1) limited and reduced as required under the Internal Revenue Code;
(2) further reduced by any amount deducted under § 170 of the Internal Revenue Code for contributions of a preservation or conservation easement for which a credit is claimed under § 10-723 of this title; and
(3) further reduced by the amount claimed as taxes on income paid to a state or political subdivision of a state, after subtracting a pro rata portion of the reduction to itemized deductions required under § 68 of the Internal Revenue Code.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1991, c. 487, § 5; Acts 1993, c. 255; Acts 2001, c. 29, § 5, eff. April 10, 2001; Acts 2001, c. 676, § 1, eff. July 1, 2001.
Formerly Art. 81, § 281.
MD Code, Tax - General, § 10-218, MD TAX GENERAL § 10-218
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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