Maryland Income Tax Calculator
Maryland income tax calculator can be a great tool you can use while filling out certain IRS forms as well as calculating your net income. Here is everything you may want to know about Maryland income taxes.
Contents
Maryland income tax calculator 2024 - 2025
Maryland Income Tax Rates
Maryland’s income tax rates vary based on income level and filing status. These rates are adjusted annually, so it’s important to use the current year’s rates for accurate calculations. For 2025, Maryland has several tax brackets, starting from a low percentage for the lowest income earners, gradually increasing to a higher percentage for higher income levels.
Key Fact: The exact rates for 2025 can be found on the Maryland Department of Revenue’s website.
How to Calculate Maryland Income Tax 2024 - 2025
To calculate Maryland income tax, follow these steps:
- Determine your filing status (e.g., single, married filing jointly, etc.).
- Identify your taxable income for the year.
- Apply the appropriate tax rate based on the Maryland tax brackets for 2025.
Example: If you’re a single filer with a taxable income of $50,000 in 2025, you’ll use the tax rate applicable to that income bracket to calculate your state income tax.
Maryland Income Tax Filing Deadline 2024 - 2025
The deadline to file Maryland income tax returns is typically April 15th of 2025. However, if this date falls on a weekend or holiday, the deadline is extended to the next business day.
Important: Always check for any deadline extensions or changes, especially in unusual circumstances such as a public health emergency.
Maryland Income Tax Deductions and Credits 2024 - 2025
Maryland offers various deductions and credits that can reduce your tax liability:
- Standard Deduction: Varies based on filing status.
- Personal Exemptions: A certain amount per taxpayer and dependent.
- Specific Credits: For certain groups, such as seniors or low-income families.
Tip: Utilize all applicable deductions and credits to minimize your tax liability.
Maryland Income Tax Withholding 2024 - 2025
Employers in Maryland are required to withhold state income tax from their employees’ paychecks. The amount withheld depends on the employee’s earnings and their completed Form MW507 (Maryland’s withholding exemption certificate).
Advice: Check your pay stubs to ensure the correct amount is being withheld for your situation.
Tax Tables for 2025
Table 1: Maryland Tax Brackets for 2025
| Income Range | Tax Rate |
|---|---|
| $0 – $10,000 | X% |
| $10,001 – $20,000 | Y% |
| … | … |
Table 2: Standard Deduction Amounts for 2025
| Filing Status | Deduction Amount |
|---|---|
| Single | $Z |
| Married Filing Jointly | $W |
| … | … |
Replace X, Y, Z, W with the actual figures for 2025.
