The previous highest bracket, a 5.75% rate for income beyond $300,000, remains intact, while the state tax rate would simplify to a flat 4.7% for married Marylanders earning less than $150,000 a year.

Maryland’s income tax rates currently max out at 5.75% for individuals earning more than $250,000 and couples earning more ...

Known as part of the governor's “growth agenda,” the proposal combines the four lowest state income tax brackets but introduces two new high-earner brackets for individuals earning $500,000 ...

The tax code changes would include a consolidation of existing lower income tax brackets at slightly below 4.75% — the current rate for individuals earning up to $100,000 — while adding two ...

ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore released a budget plan Wednesday that includes higher income tax rates for taxpayers who make more than $500,000, as well as about $2 billion in ...

High-income earners would see a change by the creation of two new tax brackets. People making at least $500,000 would join the new 6.25% tax bracket. People making over $1 million would be in a 6. ...

"This is the largest amount cuts from a Maryland state budget in 16 years," Moore said. "Because of our emphasis on growth, our biggest framework will emphasize spending cuts over tax increases." ...

Maryland Gov. Wes Moore introduced his $67.3 billion operating budget proposal for 2026 that he said is based on growing the economy — and includes tax changes.

Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as well as about $2 billion in budget cuts to address a $3 billion deficit.

Maryland Gov. Wes Moore released a budget plan Wednesday that includes higher income tax rates for taxpayers who make more than $500,000, as well as about $2 billion in spending reductions ...