Maryland

What's New



By the Numbers

Personal Income Tax Features
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
    Range of Tax Rates Offers low-income credit designed to offset personal income taxes
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 8.25%
    Apportionment Factor (Payroll) All
    Apportionment Factor (Property) No
    Apportionment Factor (Sales) 0%
    Sales Tax Features
    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
  • Provides a circuit breaker for homeowners and renters of all ages
  • Provides for local option caps on assessed value growth.
  • Other Tax & Revenue Features
    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