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The capital gains tax rate brackets were adjusted upward for tax year 2024 and 2025 to account for inflation. Still, the long-term capital gains tax does not exceed 15% for most people. This 15% ...
Aug. 8—Maryland's tax-free week began when the clock struck midnight Sunday morning. Until midnight on Saturday, all clothing and shoes priced under $100 will be exempt from the state's 6 ...
Maryland homeowners are bracing for shocking property tax bills in 2025 — reassessments skyrocket as high as 35%. Here’s what to do if you receive a similarly stunning notice
Many cities, counties, transit authorities and special purpose districts impose an additional local sales or use tax. Sales and use tax is calculated as the purchase price times the appropriate tax rate. Tax rates vary widely by jurisdiction from less than 1% to over 10%. Sales tax is collected by the seller at the time of sale.
2024 Maryland Democratic presidential primary. [3] 2024 Maryland Republican presidential primary. [3] June 6 – A number of people are injured by tornadoes in Maryland. [4] June 17 – Governor Wes Moore pardons more than 175,000 people with low-level marijuana convictions. [5]
Maryland's sales tax includes Internet purchases and other mail items such as magazine subscriptions. [citation needed] Maryland has a "back-to-school" tax holiday on a limited number of consumer items. [citation needed] On July 1, 2011, the selective sales tax on alcohol was raised from 6% to 9%. [citation needed]
Getting all your tax documents in order before you start filling out your 2024 income tax return can make the process a lot easier, as can some new free tax filing options if you're eligible.
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