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Higher earners could benefit most from the tax bill in the short run, but future generations of all incomes would be 'worse ...
Taxpayers won’t have many complaints about the retroactive tax cuts that took effect this week, but the retroactive tax hikes ...
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 ...
Other new state laws include changes to income tax, vehicle emissions, cannabis, wagering, abortion funding and solar siting.
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. ...
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 ...
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.