Form Mw507 - Employee'S Maryland Withholding Exemption Certificate (Page 2 of 2) in pdf

FORM

PAGE 2

MW507

Personal Exemptions Worksheet

Line 1

a. Multiply the number of your personal exemptions by the value of each exemption from the table below.

(Generally the value of your exemption will be $3,200; however, if your federal adjusted gross income is

expected to be over $100,000, the value of your exemption may be reduced. Do not claim any personal

exemptions that you are currently claiming at another job, or any exemptions being claimed by

your spouse.

your federal income tax return for the corresponding tax year. NOTE: Dependent taxpayers may not claim

themselves as an exemption. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a. _____________

b. Multiply the number of additional exemptions you are claiming for dependents who are 65 years of age or

older by the value of each exemption from the table below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. _____________

retirement contributions, business losses and employee business expenses for the year. Do not claim any

additional amounts you are currently claiming at another job; or any amounts being claimed by your spouse.

NOTE: Standard deduction allowance is 15% of Maryland adjusted gross income with a minimum of $1,500

and a maximum of $2,000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .c. _____________

d. Enter $1,000 for additional exemptions for taxpayer and/or spouse at least 65 years of age and/or blind. . . d. _____________

e. Add total of lines a through d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e. _____________

f. Divide the amount on line e by $3,200. Drop any fraction. Do not round up. This is the maximum

number of exemptions you may claim for withholding tax purposes. .................. . . . . . . . . . . . . . . . . . . . . f. _____________

If Your federal AGI is

Joint, Head of Household

Single or Married Filing Separately

Your Exemption is

$100,000 or less

$3,200

Over

But not over

$100,000

$125,000