Estimate your 2024 Maryland net pay after federal, state, and local taxes. Updated with the latest tax rates.
Maryland, located in the Mid-Atlantic region, features a progressive tax system and various local tax considerations. According to recent data, the median household income in Maryland is $91,431 (2023 statistics), making it one of the wealthiest states in the nation. Understanding paycheck calculations in Maryland is crucial due to its multi-tiered tax structure and county-specific taxes.
Federal tax rates follow a progressive system with seven brackets in 2024, ranging from 10% to 37%. Your applicable rate depends on your taxable income and filing status (single, married filing jointly, etc.).
Maryland employs a progressive tax system with rates ranging from 2% to 5.75%. Additionally, each county levies its own income tax, ranging from 2.25% to 3.20% of your taxable income.
FICA taxes consist of Social Security (6.2%) and Medicare (1.45%). Individuals earning over $200,000 annually are subject to an additional 0.9% Medicare surtax.
Maryland's local tax system is primarily administered through county income taxes. Each county sets its own tax rate, which is a significant factor in your overall tax burden.
| Taxable Income Range | Tax Rate | Plus County Tax |
|---|---|---|
| $0 - $3,000 | 2.00% | 2.25% - 3.20% |
| $3,001 - $100,000 | 5.75% | 2.25% - 3.20% |
| $100,001 and above | 5.75% | 2.25% - 3.20% |
County taxes in Maryland are a significant portion of your total tax burden, ranging from 2.25% to 3.20% of your taxable income. These taxes are in addition to state and federal taxes and are typically withheld from each paycheck.
Maryland's tax system is unique due to its combination of state and county income taxes. The state uses a progressive tax system, while counties add their own flat tax rate, creating a complex but comprehensive taxation structure.
Overtime pay in Maryland is calculated at 1.5 times your regular hourly rate for hours worked beyond 40 in a workweek. All overtime earnings are subject to the same tax rates as regular pay, including both state and county taxes.