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Maryland
By the Numbers

Maryland Below is a snapshot of key features of Maryland's tax system. (Scroll Down)
Personal Income Tax Features (2015)
  • Range of Tax Rates: 2.0% - 5.75%
  • Standard Deduction: $1,500-$2,000 ($3,000-$4,000 for Married Couples)
  • Personal Exemption: $3,200
  • Dependent Exemption: $3,200
  • Earned Income Tax Credit (EITC): 25.5% Refundable / 50% Nonrefundable (Refundable portion rising to 28% in 2018)
  • Personal exemption phases out for high income levels
  • Offers low-income credit designed to offset personal income taxes
Corporate Income Tax Features (2015)
  • Range of Tax Rates: 8.25%
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: No
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
  • Apportionment Note: Certain corporations (including manufacturers) use specified formula; all others use double weighted sales formula
Sales Tax Features (2015)
  • State Sales Tax Rate: 6.00%
  • Average Local Sales Tax Rate: N/A
  • Average Combined State & Local Sales Tax Rate: 6.00%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: N/A
  • Number of Services Taxed: 39 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: No
  • Sales tax holiday offered in 2014
Property Tax Features (2015)
  • Provides a circuit breaker for homeowners and renters of all ages
  • Provides for local option caps on assessed value growth.
Other Tax & Revenue Features (2015)
  • Gasoline Tax Rate (per gallon): $0.274
  • Diesel Tax Rate (per gallon): $0.2775
  • Cigarette Tax Rate (per pack): $2.00
  • Estate or Inheritance Tax: Yes
  • Net Lottery Sales Per Capita: $276 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes
  • Tax Incidence Analysis Capability: Personal income tax only

Last Updated January 13, 2015

Sources & Glossary