Tax Credits and Deductions for Individual TaxpayersTax Credit Programs - MarylandTax Credits and Deductions for Individual Taxpayers2020 Individual Income Tax Forms - Marylandtaxes.gov 2025

1. Click ‘Get Form’ to open the Tax Credits and Deductions for Individual Taxpayers form in the editor.
2. Begin by entering your name and taxpayer identification number at the top of the form. If claiming a credit from another entity, check the appropriate box and provide that entity's Federal Employer Identification Number.
3. Ensure your Maryland restoration and qualified costs are certified by the Maryland Historical Trust (MHT). Attach your approved Certification Application along with Form 502S when submitting your tax return.
4. For each property, enter the MHT Project Number and location details including street address, city, state, and ZIP code.
5. Input certified rehabilitation expenditures on line 2. Multiply this amount by 20% for line 3. If applicable, calculate an additional credit for high performance buildings on line 4.
6. Add lines 3 and 4 for total credit amount on line 5. Ensure you adhere to maximum limits based on property type.
7. Finally, enter any recaptures on line 6 if applicable, ensuring all calculations are accurate before submission.

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