Maryland Tax

Maryland Tax

Maryland Tax policy priorities and their effects on low- and moderate- income
families, Maryland vulnerable populations, and important Maryland community
programs that serve them. This Tax project translates the complex world of
Maryland state fiscal policy into accessible, credible and timely information that is
used by Tax policy makers, Maryland community advocates, and the media.
For tax year 2007, the Maryland income Tax rate is set at 4.75 percent and it
applies to the taxable income of residents and nonresidents who derive income
from a Maryland source.

Maryland Tax - Nonresidents are subject to a special nonresident Tax Rate of 1.25
percent, in addition to the 4.75 percent tax rate, for an effective tax rate of 6
percent in Maryland

Maryland's 23 counties and Baltimore City also Tax local income tax, which is
collected on the resident Maryland state tax return as a convenience to local
governments.

Maryland Tax information

There are special tax benefits available in Maryland for taxpayers 65 and older,
military retirees, U.S. government employees in Maryland who work overseas and
low income families. You can also choose among several methods to file and pay
your Maryland taxes electronically. The deadline for filing your Maryland income
tax is April 15, 2008 if you are filing on a calendar year basis. If any due date falls
on a Saturday, Sunday or legal holiday, the return must be filed by the next
business day. You may also request a filing extension.

In the past few months, Maryland’s Tax budget picture has gone from bad to
worse. The challenge the Governor and legislature face now is completely
different Maryland Tax from what we envisioned when the legislature approved
this year’s budget back in April.

Maryland Tax Information