Taxes in Maryland

Maryland Tax Rates, Collections, and Burdens

How does Maryland’s tax code compare? Maryland has a graduated individual income tax, with rates ranging from 2.00 percent to 5.75 percent. There are also jurisdictions that collect local income taxes. Maryland has a 8.25 percent corporate income tax rate. Maryland has a 6.00 percent state sales tax rate and does not levy any local sales taxes. Maryland’s tax system ranks 46th overall on our 2022 State Business Tax Climate Index.

Each state’s tax code is a multifaceted system with many moving parts, and Maryland is no exception. The first step towards understanding Maryland’s tax code is knowing the basics. How does Maryland collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures: How Does Your State Compare?

April 10th Afternoon State Tax Update

April 10, 2020

A Visual Guide to Unemployment Benefit Claims

April 2, 2020

March 24th Morning State Tax Update

March 24, 2020

Worse Than Advertised: The Legal and Economic Pitfalls of Maryland’s Digital Advertising Tax

March 16, 2020

Excise Taxes on Vapor Products Are Trending

March 11, 2020

Maryland Lawmakers Provide No Solution to Central Issues with Digital Advertisement Tax

March 11, 2020

Maryland Legislature Seeks Revenue with Risky Proposals

February 26, 2020

Maryland Lawmakers Consider Sales Tax Hike on Businesses

February 24, 2020

Facts and Figures 2020: How Does Your State Compare?

February 13, 2020

Banning Flavored Tobacco Could Have Unintended Consequences

February 12, 2020

Maryland Legislators Want to Tax Online Advertising

January 15, 2020

Tax Trends at the Dawn of 2020

January 6, 2020

Local Income Taxes in 2019

July 30, 2019

Sales Tax Holidays: Politically Expedient but Poor Tax Policy, 2019

July 24, 2019

Facts and Figures 2019: How Does Your State Compare?

March 19, 2019

Results of 2018 State and Local Tax Ballot Initiatives

November 6, 2018

Top State Tax Ballot Initiatives to Watch in 2018

October 22, 2018

2019 State Business Tax Climate Index

September 26, 2018

Evaluating the SALT Deduction Constitutional Challenge

July 17, 2018

States Explore Taxing Carried Interest

March 6, 2018