DISCLAIMER: Even though Maryland has both state AND local returns, only the state return is required.

MD PROGRESSIVE TAX TABLES (AS OF THE LATEST UPDATE):

For Single Filers:
$0 – $1,000: 2.00%
$1,000 – $2,000: 3.00%
$2,000 – $3,000: 4.00%
$3,000 – $100,000: 4.75%
$100,000 – $125,000: 5.00%
$125,000 – $150,000: 5.25%
$150,000 – $250,000: 5.50%
$250,000 – $500,000: 5.75%
$500,001 – $1,000,000: 6.25% (new) 
Over $1,000,000: 6.50% (new) 

For Married Filing Jointly:
$0 – $1,000: 2.00%
$1,000 – $2,000: 3.00%
$2,000 – $3,000: 4.00%
$3,000 – $150,000: 4.75%
$150,000 – $175,000: 5.00%
$175,000 – $225,000: 5.25%
$225,000 – $500,000: 5.50%
$500,000 – $600,000: 5.75%
$600,001 – $1,200,000: 6.25% (new) 
Over $1,200,000: 6.50% (new) 

State tax

·       2% starting at $1 then increases. 

·       Most taxpayers will pay +/- 4.75%

·       2 new tax brackets for incomes above $500K & $1 million.

·       Standard deduction $3,500 single, $6700 MFJ or HOH

·       New 2% surtax on capital gains for all incomes over $350K

·       Local taxes collected by the state

o   Varies, unless non-resident then 3.3%

o   MD give credit for local tax paid to work state (OH & PA examples)

·       Reciprocity: PA, DC, VA, & WV

·       Part of the RN & PT compact