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joe940
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Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

 
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8 Replies
VictorW9
Expert Alumni

Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

Yes the Maryland Energy Storage Income Tax Credit Program still exist for 2019.

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Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

I have the same question. I want to know how to add this to my taxes to file for the benefit. I don't see anything to click on or any options to add the MD Energy Storage Income Tax Credit. Question is how do you add it to taxes?

 

BillM223
Expert Alumni

Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

The Maryland Energy Storage Income Tax Credit must be reported on form 500CR.

 

Unfortunately, TurboTax does not support this form, which is for Business Tax Credits.

 

Note that this credit is available only by application to the state, because the amount of credits available from the state was quite limited. As of January 21, 2020, there was no credit left in any case.

 

Please see the Maryland state website on this.

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Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

Not sure if it will work but I mailed it in to see if MD accepts it or tells me what to do. I am not a tax pro or not a CPA:
I printed my Form 502 after paying on TurboTax. I mailed in with the completed 500CR, 500CRW and MEA Tax Credit Certificate from State of MD. Once I printed the Form 502 I modified line 43 sentence by writing in the information about the MD Energy Storage Income Tax Credit. Part R line 1 and Part AAA Line 18 of Form 500CR/500CRW. On line 43 I wrote in $5000 (for the Tax Credit), Line 44 I added $5000 to the amount listed after printing on TurboTax, and also added $5000 to line 46 and 48 for the total.

 

Not sure if it will work but I mailed it in to see if MD accepts it or tells me what to do. I am not a tax pro or not a CPA.

Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

Not sure if it will work but I mailed it in to see if MD accepts it or tells me what to do. I am not a tax pro or not a CPA:
I printed my Form 502 after paying on TurboTax. I mailed in with the completed 500CR, 500CRW and MEA Tax Credit Certificate from State of MD. Once I printed the Form 502 I modified line 43 sentence by writing in the information about the MD Energy Storage Income Tax Credit. Part R line 1 and Part AAA Line 18 of Form 500CR/500CRW. On line 43 I wrote in $5000 (for the Tax Credit), Line 44 I added $5000 to the amount listed after printing on TurboTax, and also added $5000 to line 46 and 48 for the total.

 

Again Not sure if it will work but I mailed it in to see if MD accepts it or tells me what to do. I am not a tax pro or not a CPA.

 

But I will let you know what happens. 

Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

Just to update you all. It did work for me. 

Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

Update: What I tried above worked. 

DawnC
Expert Alumni

Tax Year Prior to 2020: I am completing the section for Maryland Deductions, however there is no section for Energy Storage Income Tax Credit or EV Tax Credit. Are these still in progress?

Some credits are entered on the federal return and TurboTax transfers them over  to the state return and other credits are entered directly on the state return.  It sounds like you have resolved your issue, but if you are still having issues, feel free to respond here.  😉 

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