Maryland Salary Paycheck Calculator
Are you interested in your take-home pay in Maryland? Our Maryland Salary Paycheck Calculator provides a precise estimate of your net income after deductions. Whether you’re a current resident or considering relocating to the Bay State, knowing how your paycheck is distributed can help you manage your finances effectively.
Gross To Net Calculator
The amount that remains after these deductions are considered your net pay.
Maryland Taxes: What You Need to Know
Maryland has a tiered individual income tax system with rates ranging from 2.00% to 5.75% and local income taxes varying by jurisdiction. Taxpayers in Maryland can take both a standard and an itemized deduction.
For businesses, the corporate income tax stands at 8.25%. Consumers face a state sales tax of 6.00%, with no additional local sales taxes.
Homeowners pay a property tax at an effective rate of 0.95% on their occupied housing. Additionally, Maryland imposes an estate and inheritance tax, along with an excise tax of 47.2 cents per gallon on gasoline and $3.75 on cigarettes.
On average, Maryland collects $7,248 in taxes per person, contributing to a state and local debt of $10,269 per capita. Public pension plans are currently 81% funded, reflecting a commitment to secure retirement for public employees.
An overview: Maryland Tax System
Federal, State, and Local Tax Withholding
- Federal Tax Withholding: The amount withheld from your paycheck to cover your federal income tax liability. The amount depends on your income, filing status, and the allowances you claim on your W-4 form.
- State Tax Withholding. The income tax is also withheld from your paycheck. The rate varies depending on your income and filing status.
- Local Tax Withholding: Maryland has local income taxes that vary by county and are also withheld from paychecks.
FICA & State Insurance Taxes
- FICA Taxes: This includes Social Security and Medicare taxes. The Social Security tax rate is 6.2% for employees and 6.2% for employers, while the Medicare tax rate is 1.45% for both employees and employers. There is an additional 0.9% Medicare tax for high earners.
- State Insurance Taxes: This includes unemployment insurance workers’ compensation insurance, which the employer generally pays.
Pre-Tax Deductions
- Medical Insurance: Premiums for employer-sponsored health insurance plans are often deducted from your paycheck before taxes.
- 401(k) Contributions: Contributions to a 401(k)-retirement plan are also typically made on a pre-tax basis, reducing your taxable income.
Tax Percentage Table
| Tax Type | Percentage |
| Federal Income Tax | Varies based on income and filing status |
| Maryland State Income Tax | 2% – 5.75% |
| Local Income Tax | 2.25% – 3.20% |
| Social Security Tax | 6.2% (employee) + 6.2% (employer) |
| Medicare Tax | 1.45% (employee) + 1.45% (employer) |
| Additional Medicare Tax | 0.9% (for high earners) |
Overall, Maryland’s tax structure reflects a mix of income, sales, and property taxes, all of which aim to fund essential services while balancing the needs of its residents and businesses.
Median household income in Maryland
According to Statista, in 2023, the median household income in Maryland was 102,000 U.S. dollars, down from 108,200 U.S. dollars the previous year.
A standard deduction, itemized deductions, the earned income tax credit, child and dependent care credits, and college savings tax deductions are all available in Maryland to reduce your tax liability.
Maryland Tax Brackets 2024
In Maryland, tax oversight and collection fall under the Comptroller of Maryland, specifically the Compliance Division, which enforces state tax laws. The State Department of Assessments and Taxation handles appraisals for real and personal property, while individual counties and municipalities set their own assessment and property tax rates.
Here’s the Maryland income tax rate system organized into a table format for easier understanding.
Tax Rate Schedule I
(For taxpayers filing as Single, Married Filing Separately, or as Dependent Taxpayers. This rate is also used for taxpayers filing as Fiduciaries.)
| Taxable Net Income | Maryland Tax |
| $0 – $1,000 | 2% of the amount |
| $1,000 – $2,000 | $20 plus 3% of the excess over $1,000 |
| $2,000 – $3,000 | $50 plus 4% of the excess over $2,000 |
| $3,000 – $100,000 | $90 plus 4.75% of the excess over $3,000 |
| $100,000 – $125,000 | $4,697.50 plus 5% of the excess over $100,000 |
| $125,000 – $150,000 | $5,947.50 plus 5.25% of the excess over $125,000 |
| $150,000 – $250,000 | $7,260.00 plus 5.5% of the excess over $150,000 |
| Over $250,000 | $12,760.00 plus 5.75% of the excess over $250,000 |
Tax Rate Schedule II
(For taxpayers filing Joint Returns, Head of Household, or for Qualifying Widows/Widowers.)
| Taxable Net Income | Maryland Tax |
| $0 – $1,000 | 2% of the amount |
| $1,000 – $2,000 | $20 plus 3% of the excess over $1,000 |
| $2,000 – $3,000 | $50 plus 4% of the excess over $2,000 |
| $3,000 – $150,000 | $90 plus 4.75% of the excess over $3,000 |
| $150,000 – $175,000 | $7,072.50 plus 5% of the excess over $150,000 |
| $175,000 – $225,000 | $8,322.50 plus 5.25% of the excess over $175,000 |
| $225,000 – $300,000 | $10,947.50 plus 5.5% of the excess over $225,000 |
| Over $300,000 | $15,072.50 plus 5.75% of the excess over $300,000 |
Notes
- These tax rates are used to compute taxes on individual tax returns.
- Maryland law does not permit using a rate of less than 4.75% for withholding tax purposes.
- Legally married same-sex couples must follow the same tax filing rules as other married couples.
However, employees may need to adjust their personal exemption if their federal adjusted gross income exceeds $100,000 or if they want to use excess itemized deductions as exemptions. They should consult the Maryland Exemption Certificate (Form MW507) to determine their eligible exemptions, each valued at $3,200 for employers.
Frequently Asked Questions
Yes, the Maryland Paycheck Calculator does account for local taxes. Maryland has a county and municipal income tax system so that the calculator will factor in these additional taxes based on your location. This ensures that your estimated paycheck accurately reflects your total tax burden.
Yes, there are several Maryland-specific deductions that you should be aware of. These include:
- Maryland Retirement Savings Program (MRSP): Contributions to this state-sponsored retirement plan are eligible for tax deductions.
- Maryland Tuition Tax Credit: This credit can reduce your state income tax liability based on qualified tuition expenses.
- Maryland Child Tax Credit: If you have qualifying children, you may be eligible for this tax credit.
Yes, reputable paycheck calculators like Keka Take-Home salary calculator are updated regularly to reflect the latest tax laws.
Maryland’s state income tax is separate from federal income tax. This means that you will have both federal and state tax deductions. The amount of each deduction will depend on your income level and filing status.
Well, the KEKA Paycheck Calculator allows you to input multiple jobs or income sources. Enter the relevant information for each source, and the calculator will calculate your total taxable income and tax liability.
The KEKA Paycheck Calculator allows you to input pre-tax deductions such as health insurance or retirement contributions. These deductions will reduce your taxable income, which can result in a lower tax liability.
If you have any questions about pre-tax deductions or the keka Paycheck Calculator. (link)
The Maryland Paycheck Calculator allows you to select your filing status, including filing jointly with your spouse. Simply choose the appropriate option, and the calculator will adjust the calculations accordingly.
If you have any questions about filing jointly or the Maryland Paycheck Calculator, refer to the Maryland Department of Taxation website or consult a tax professional.
