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Maryland

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Maryland 1031 Exchanges

Maryland State Tax Information

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).

The standard deduction is 15% of income with a minimum of $1,500 and a cap of $2,300 for single filers, married filing separately filers and dependent filers. The standard deduction is a minimum of $3,000 and capped at $4,600 for married filing jointly filers, head of households filers and qualifying widowers. The exemption amount has the following phase out schedule: If AGI is above $100,000 but below $150,000 for single filers, and above $150,000 but below $200,000 for married couples, the $3,200 exemption begins to be phased out; if AGI is above $150,000 for single filers and above $200,000 for married filers, the exemption is phased out entirely.

State Rate

5.75%

Local Rate

2.85%

Combined Rate

30.75%

Deductions

None

1031 Exchange Providers in Maryland

Plenti 1031 Exchange
deferred.com
Verified

Carlsbad, CA

Just a few clicks away from easy, simple, answers and tax savings...the only investor friendly 1031 firm with technology to safeguard and streamline your exchange.
West Patrick Exchange Corp.
deferred.com
Verified

Frederick, MD

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