Maryland Income Tax Calculator (2024)

Estimate your take-home pay and all taxes in Maryland for 2024!
Our Maryland Income Tax Calculator provides a fast, accurate breakdown of your federal, MD state, county, and FICA taxes, including deductions, dependents, and pay frequency. Instantly see your annual and per-paycheck results, interactive charts, and a transparent calculation process.
This tool gives you clarity on your net pay and tax obligations. Updated for 2024 brackets and rules.

Maryland Income Tax Calculator

Calculating for Tax Year 2024
Disclaimer: This is a basic estimate for Tax Year 2024 for informational purposes ONLY. It uses standard deductions or your itemized estimate and limited filing statuses. It does not account for all credits or complexities and is not tax advice. Visit the official Comptroller of Maryland website.

Understanding Maryland Taxes (2024)

Calculating your Maryland taxes involves understanding the state's progressive tax system, local county taxes, federal obligations, and FICA contributions. This calculator helps you estimate your take-home pay by considering these key components.

Maryland State Income Tax

Maryland has a progressive income tax system with eight tax brackets for 2024, ranging from 2% to 5.75% depending on your income.

  • Tax Brackets: Maryland has eight tax brackets with rates of 2%, 3%, 4%, 4.75%, 5%, 5.25%, 5.5%, and 5.75%.
  • Taxable Income: Maryland's starting point is your federal adjusted gross income (AGI) with Maryland-specific adjustments.
  • Standard Deduction: Maryland's standard deduction is income-based, ranging from $1,350-$2,700 for joint filers and $900-$1,850 for single filers, depending on your income.
  • Personal Exemptions: Maryland's personal exemptions are $3,200 per person for 2024, but phase out at higher income levels.

Maryland County Income Taxes

Maryland is one of the few states with local income taxes at the county level. County tax rates range from 2.25% to 3.20% of your Maryland taxable income, depending on where you live.

  • Baltimore City: 3.20%
  • Montgomery County: 3.20%
  • Howard County: 3.20%
  • Other Counties: Rates vary from 2.25% to 3.20%

This calculator uses an average county rate of 3% for simplicity. Check with your specific county for exact rates.

Federal Income Tax

Federal income tax is based on federal tax brackets, your filing status, deductions (standard or itemized), and allowances claimed on your W-4. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.

FICA Taxes (Social Security & Medicare)

FICA taxes fund Social Security and Medicare. These are typically withheld by employers.

  • Social Security: 6.2% on income up to the annual limit ($168,600 for 2024).
  • Medicare: 1.45% on all income. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for Single, $250,000 for MFJ).

Other Maryland Taxes (Not Calculated Here)

While this calculator focuses on income taxes, be aware of other taxes in Maryland:

  • Sales Tax: Maryland has a state sales tax of 6%.
  • Property Tax: Property taxes in Maryland are among the highest in the nation, with rates varying by county and municipality.
  • Estate Tax: Maryland has an estate tax on estates valued over $5 million for 2024.

Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.