Maryland Comptroller Issues 2025 Nonresident Income Tax Filing Instructions, Changes

The Maryland Comptroller has published instructions for filing the 2025 Maryland Nonresident Income Tax Return (Form 505), which provides guidance for nonresident taxpayers. The instructions outline several tax changes for 2025, including altered state income tax brackets, an additional 2 percent tax on net capital gain income for filers with federal adjusted gross income exceeding $350,000, increased standard deductions for all filing statuses, and new income tax addition and subtraction modifications. The instructions include filing requirements, income reporting, deductions, exemptions, and credits available to nonresident taxpayers, while emphasizing that returns must be filed by April 15, 2026, for calendar year ...