Maryland Paycheck Calculator

Use Federal Pension Advisors' Maryland paycheck calculator to find out your take-home pay for both salaried and hourly jobs. It helps you see how much you’ll actually take home after federal, state, and local taxes are deducted.

State

Earnings

Gross Pay Method

Gross Pay

Federal Taxes

Federal Filing Status

Dependents Amount

Other Income

Deductions

Additional Federal Withholding

Personal Details

Your Name *

Your Email *

Please provide a valid email address to ensure you receive important updates on federal benefits and Paycheck Calculator directly in your inbox. Rest assured, we respect your privacy and will never spam you.

Phone Number *

Note: The results provided by this calculator are estimates and should not be considered as financial advice. For precise calculations and personalized advice, please consult with a financial professional.

Maryland Taxes: An Overview

Maryland has a progressive income tax system where rates start at 6%. The highest rate is a bit lower than the national average. In addition to the state tax, every county and Baltimore City also charge extra income taxes.

Maryland Paycheck Quick Facts:

Maryland's income tax rates vary from 6%
The median household income in the state is $98,461, based on U.S. Census Bureau data
Local income taxes are applied in one city and all counties throughout Maryland

Understanding Your Maryland Paycheck

Federal income taxes are also withheld from your paycheck throughout the year, instead of paying the full amount in April. The amount withheld is based on the details you provide on your W-4 form, which includes your marital status, additional income, and dependents. The current W-4 form requires you to enter specific dollar amounts for tax credits, income, and deductions, using a five-step process to ensure accurate withholding.

Besides taxes, other deductions may come out of your paycheck for things like health insurance, life insurance, disability insurance, retirement contributions, or commuter benefits. The frequency of your paychecks affects how you budget your money; if you are paid monthly, you’ll need to be extra careful to avoid running out of funds before the end of the month.

Maryland Median Household Income

Year	Median Household Income
2022	$98,461
2021	$97,332
2020	$94,789
2019	$95,572
2018	$86,223
2017	$82,093
2016	$73,760
2015	$73,594
2014	$76,165
2013	$69,353
2012	$71,836

Using a paycheck calculator maryland can also help you understand how often you get paid and how taxes will impact your take-home pay. And this thing you can check with any other state of paycheck calculator such as Michigan, Florida and georgia paycheck calculator etc.

How You Can Affect Your Maryland Paycheck

If you expect to owe a lot in taxes and want to avoid a big bill at tax time, you can choose to have extra money withheld from your paycheck. This can help cover additional income, like bonuses or side jobs, that might lead to a larger tax bill.

In Maryland, any extra income, such as bonuses and commissions, is taxed at the same rate as regular income. This is different from some states that might tax extra income at a lower rate.

Most Paycheck Friendly Places in Maine

Rank	County, State	Semi-Monthly Paycheck	Purchasing Power	Unemployment Rate	Income Growth	Most Paycheck Friendly Index
1	Howard County, MD	$2,261	3.46	2.6%	2.63%	61.90
2	Anne Arundel County, MD	$2,280	2.89	2.8%	3.29%	59.91
3	Carroll County, MD	$2,266	2.80	2.7%	3.76%	57.64
4	Calvert County, MD	$2,273	2.59	2.9%	4.44%	57.17
5	Harford County, MD	$2,265	2.63	3.0%	3.98%	55.72
6	Queen Anne's County, MD	$2,266	2.66	2.8%	3.01%	55.57
7	Worcester County, MD	$2,317	2.07	5.0%	4.48%	55.55
8	St. Mary's County, MD	$2,267	2.64	3.1%	3.45%	55.33
9	Talbot County, MD	$2,284	2.14	3.4%	5.26%	54.82
10	Montgomery County, MD	$2,261	2.53	2.9%	3.18%	53.60
Maryland		$2,271	2.3	3.4%	3.9%

Why Use a Paycheck Calculator Maryland?

Understanding your take-home pay is essential for effective budgeting and financial planning. A maryland paycheck calculator simplifies this process by accurately determining your net pay. It takes into account various deductions such as federal taxes, state taxes, Social Security, Medicare, and any pre-tax deductions like health insurance or retirement contributions. By Using a calculator tailored to tax regulations, such as the Minnesota paycheck calculator or the Paycheck Calculator Florida, ensures that all relevant state-specific factors are included in your calculations.

What is Gross Pay and Net Pay?

Gross pay refers to your total earnings before any taxes or deductions are taken out. This calculator will use your gross pay to determine your net pay, or the amount you take home after all taxes and deductions are applied.

The formula is:

Gross Pay - Taxes - Benefits/Deductions = Net Pay (Take-home Pay)

What is Pay Frequency?

Pay frequency indicates how often employers pay their employees, initiating the payroll process and determining when payroll is processed and taxes are withheld.

If I Live in Maryland but Work in Another State, How Do I Calculate My Taxes?

In addition to filing in Maryland, you may need to file a tax return in another state where you work, reporting only the income earned in that state. The amount of tax due will depend on the specific tax laws of that state. Employers in other states are likely to withhold taxes according to that state’s tax requirements.

Non-Resident State Tax Return:

In addition to Missouri, you may need to file a tax return in another state where you work, reporting only the income earned in that state. The tax amount you owe will depend on the tax laws of that state. Employers in other states will likely withhold taxes based on that state’s tax requirements.

What Are Pre-tax and Post-tax Deductions?

Pre-tax deductions reduce your income before federal and state withholding taxes are applied, which effectively lowers your taxable income. Conversely, post-tax deductions are subtracted after taxes have been imposed, such as with a Roth 401(k). Exploring available deductions and credits, like contributions to retirement accounts, may further reduce your taxable income.

How Can I Reduce My Taxes?

Consider exploring available deductions and credits, such as contributions to retirement accounts, to potentially reduce your taxable income. These deductions can help lower the overall income on which you’re taxed, allowing you to save more while also reducing your tax liability.

Which States Don’t Have a State Income Tax?

Nine states—Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming—do not impose a state income tax. However, this exemption generally does not cover bonuses.

What Was Updated in the Federal W4 in 2024

The tax form now includes a new tax withholding estimator for individuals (and their spouses) who have self-employment income. Additionally, the IRS has updated the amounts on the 2024 Deductions Worksheet. Since the Tax Cuts and Jobs Act of 2017 significantly changed the tax code, modifications to the W-4 ensure withholding calculations remain accurate.

Why the Changes?

The IRS continues to work towards simplifying the W-4 form, aiming to make it easier to complete and improve withholding accuracy. These updates help to ensure that the correct amount of tax is withheld, reducing the likelihood of underpayment or overpayment.

What is the Gross Pay Method?

For gross pay, the method distinguishes between annual and per-period amounts. For hourly employees, the per-period amount typically refers to gross pay received each payday, whereas the annual amount represents total gross pay for the entire year.

Download Federal Retirement: Step-by-step Checklist

This comprehensive guide will help you understand your federal benefits, optimize your savings, and plan for a comfortable future.

Thank you for downloading the checklist

Oops! Something went wrong while submitting the form.