Complete Maryland retirement tax guide: income tax rates, capital gains treatment, Social Security and pension taxation, property taxes, and sales tax. Overall retiree-friendliness rank: #18 of 51.
8 bracket(s)
Treated as ordinary income
#22 (Moderate)
State 6% + local avg 6%
Maryland exempts Social Security and offers a pension exclusion up to $35,800 for those 65+. Local income taxes add roughly 3% on top of state rates.
Not taxed
Taxable
None
| Rate | From | To |
|---|---|---|
| 2% | $0 | $1,000 |
| 3% | $1,000 | $2,000 |
| 4% | $2,000 | $3,000 |
| 4.75% | $3,000 | $100,000 |
| 5% | $100,000 | $125,000 |
| 5.25% | $125,000 | $150,000 |
| 5.5% | $150,000 | $250,000 |
| 5.75% | $250,000 | No limit |
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