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The local income tax is calculated as a percentage of your taxable income. Local officials set the rates, which range between 2.25% and 3.20% for the current tax year. You should report your local income tax amount on line 28 of Form 502.
- 2024 Maryland State and Local Withholding Information
Maryland’s EITC is a credit for certain taxpayers who have...
- 2024 Maryland State and Local Withholding Information
1 lut 2024 · Notably, local income taxes in Maryland constitute about 35 percent of local tax collections and more than 17 percent of local revenue, giving Maryland’s localities the highest dependence on income taxes in the nation.
Local Income Taxes in Maryland. In addition to state income taxes, Maryland residents are subject to local income taxes, which vary depending on the county of residence. The local tax rates range from 2.25% to 3.20%.
Maryland’s EITC is a credit for certain taxpayers who have income and have worked. The state EITC reduces the amount of Maryland tax you owe. The local EITC reduces the amount of county tax you owe. Some taxpayers may even qualify for a refundable Maryland EITC.
We have information on the local income tax rates in 24 localities in Maryland. You can click on any city or county for more details, including the nonresident income tax rate and tax forms.
1 sty 2024 · Maryland is among the states in which local governments levy their own taxes on personal income. Specifically, counties in Maryland collect income taxes with rates ranging from 2.25% to 3.20%. Additionally, there is a statewide income tax in Maryland, with a top rate of 5.75%.
6 mar 2024 · How is income taxed in Maryland? Maryland has a graduated individual income tax, with eight tax brackets listed below. Note that your income is not all taxed at the same rate. Maryland’s 23 counties and the city of Baltimore also levy a local income tax that is calculated as a percentage of your taxable income.
