image description

New State Income Tax Law Takes Effect Sunday

June 30th, 2012 by WCBC Radio

Another new Maryland tax will take effect this Sunday. According to WBAL News, under the income-tax law, single taxpayers with a gross income above $100,000 will see their taxes rise from a 0.25% to 0.50%. This also applies for couples earning over $150,000 annually. The tax increases will be retroactive to January.

Leave a Reply