What are the tax rates in Maryland?

The tax rates in Maryland vary depending on the individual's income. As of the 2021 tax year, the state has a progressive income tax rate system with eight brackets. The rates range from 2% to 5.75%, based on taxable income. For individuals with a taxable income below $150,000 (or $175,000 for joint filers), the maximum tax rate is 5.75%. However, those with higher incomes may be subject to additional local income taxes. Apart from income tax, the state also imposes a 6% sales tax on most goods and services, with some exceptions. Property tax rates differ across counties and municipalities as well. It is essential to consult the official Comptroller of Maryland website or seek professional advice for more specific and up-to-date tax information.