Maryland State Income Tax - Tax Year 2012
Maryland Income Tax Table
|Tax Bracket (Single) ||Tax Bracket (Couple) ||Marginal Tax Rate|
The Maryland Income Tax
Maryland collects a state income tax at a maximum marginal tax rate of 5.50%, spread across seven tax brackets. Unlike the Federal Income Tax, Maryland's state income tax does not provide couples filing jointly with expanded income tax brackets. There are a total of thirty states with higher marginal income tax rates then Maryland.
Maryland effectively double bracket widths for married couples filing jointly - other states with this law include AL, AZ, CT, HI, ID, KS, LA, NE, and OR. There are -38 days left until Tax Day, on April 15th 2013.
Maryland Tax Deductions
Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your Maryland income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and Maryland tax returns. For details on specific deductions available in Maryland, see the list of Maryland income tax deductions.
- The Maryland standard deduction is $2,000.00 for individuals and $4,000.00 for married couples filing jointly. The standard deduction may be chosen instead of filing an itemized deduction on your Maryland tax return.
- Maryland's personal income tax exemptions include a personal exemption of $3,200.00. You can deduct one single exemption from your gross income if you are responsible for supporting yourself financially.
- Maryland has a dependent exemption of $3,200.00. You may claim one dependent examption for each of the children, relatives, or others who live with and are supported by you as described § 152 of the IRC (Internal Revenue Code).
- Maryland allows itemized deductions, and you can claim the same itemized deductions on your Maryland tax return as you do on your Federal tax return. You must choose between itemizing your deductions and choosing the Maryland standard deduction, so it's generally only worth itemizing your deductions if your itemized total is more then the Maryland and Federal standard deductions. For more details, visit the list of Maryland itemized deductions.
Maryland Income Tax Forms
How To File Your Maryland Income Tax Return
Where To Send Your Maryland Tax Return
Income Tax Return
Comptroller of Maryland Revenue Administration Division 110 Carroll Street Annapolis, Maryland 21411
Income Tax Return (Express Mail)
Comptroller of Maryland Revenue Administration Division 80 Calvert Street Annapolis, MD 21401
e-Filing: Submit Your Maryland Tax Return Online
You can save time and money by electronically filing your Maryland income tax directly with the Comptroller of Maryland . Benefits of e-Filing your Maryland tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below.
To e-file your Maryland and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies.
The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company. Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package.
Getting Your Maryland Tax Refund
If your state tax witholdings are greater then the amount of income tax you owe the state of Maryland, you will receive an income tax refund check from the government to make up the difference.
It should take one to three weeks for your refund check to be processed after your income tax return is recieved. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible.
Once you've filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your Maryland tax refund, you can visit the Maryland Comptroller of Maryland Income Tax Refund page.
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- Our state ranking and income tax figures are based on a family of four (married parents with two children) earning the national median household income of $50,000 per year. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for.
- Before the official 2013 Maryland income tax rates are released, provisional 2013 tax rates are based on Maryland's 2012 income tax brackets.
- The 2013 state personal income tax brackets are updated from the Maryland Comptroller of Maryland and Tax Foundation data.
- Maryland tax forms are sourced from the Maryland Comptroller of Maryland income tax forms page, and are updated on a yearly basis. Please make sure the Maryland forms you are using are up-to-date.