Md Paycheck Calculator

Maryland Paycheck Calculator

Use this calculator to estimate your net take-home pay in Maryland after federal, state, and FICA taxes, as well as common deductions. This tool provides an estimate based on current tax laws and common withholding methods.

How Your Maryland Paycheck is Calculated

Understanding your paycheck can be complex, as various taxes and deductions reduce your gross earnings. Here's a breakdown of the key components:

1. Gross Pay

This is your total earnings before any taxes or deductions are taken out. It's typically your annual salary or hourly wage multiplied by the hours worked.

2. Pre-Tax Deductions

These are deductions taken from your gross pay before taxes are calculated. Common examples include contributions to 401(k)s, health insurance premiums, and Flexible Spending Accounts (FSAs). Pre-tax deductions reduce your taxable income, which can lower your federal and state income tax liability.

3. Federal Income Tax

The federal government levies income tax based on your taxable income, filing status (Single, Married Filing Jointly, Head of Household), and the number of allowances you claim on your W-4 form. The U.S. uses a progressive tax system, meaning higher earners pay a larger percentage of their income in taxes. This calculator uses a simplified percentage method for estimating federal withholding.

4. FICA Taxes (Social Security and Medicare)

• Social Security: This tax funds benefits for retirees, the disabled, and survivors. Employees pay 6.2% of their gross wages up to an annual wage base limit ($168,600 for 2024).
• Medicare: This tax funds health insurance for the elderly and disabled. Employees pay 1.45% of all their gross wages, with no income limit.

Your employer also pays an equal amount for both Social Security and Medicare taxes.

5. Maryland State Income Tax

Maryland has a progressive state income tax system. The tax rates vary based on your taxable income and filing status. In addition to state income tax, Maryland also has county income taxes, which are collected by the state but distributed to the counties. These county taxes vary significantly by county (e.g., from 2.25% to 3.20% in 2024). For simplicity, this calculator focuses on the state income tax and does not include county taxes, but be aware that they will further reduce your net pay.

6. Post-Tax Deductions

These deductions are taken from your pay after all taxes have been calculated and withheld. Examples include Roth 401(k) contributions, union dues, garnishments, and some types of life insurance premiums.

7. Net Pay

This is your "take-home pay" – the amount you receive after all taxes and deductions have been subtracted from your gross pay.

Maryland Paycheck Calculator

Example Calculation

Let's consider an example:

• Annual Gross Pay: $60,000
• Pay Frequency: Bi-weekly (26 pay periods)
• Federal Filing Status: Single
• Federal Dependents: 0
• Maryland Filing Status: Single
• Maryland Exemptions: 1
• Annual Pre-Tax Deductions: $2,000 (e.g., health insurance)
• Annual Post-Tax Deductions: $500 (e.g., Roth 401k)

Based on these inputs, the calculator would estimate your bi-weekly net pay after federal, state, and FICA taxes, and deductions.

.md-paycheck-calculator-container { font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; max-width: 700px; margin: 20px auto; padding: 25px; border: 1px solid #e0e0e0; border-radius: 8px; background-color: #f9f9f9; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.05); } .md-paycheck-calculator-container h2, .md-paycheck-calculator-container h3, .md-paycheck-calculator-container h4 { color: #333; margin-top: 20px; margin-bottom: 15px; border-bottom: 1px solid #eee; padding-bottom: 5px; } .md-paycheck-calculator-container p, .md-paycheck-calculator-container ul { color: #555; line-height: 1.6; margin-bottom: 10px; } .md-paycheck-calculator-container .form-group { margin-bottom: 18px; } .md-paycheck-calculator-container label { display: block; margin-bottom: 6px; font-weight: bold; color: #444; } .md-paycheck-calculator-container input[type="number"], .md-paycheck-calculator-container select { width: calc(100% – 22px); padding: 10px; border: 1px solid #ccc; border-radius: 5px; font-size: 16px; box-sizing: border-box; background-color: #fff; } .md-paycheck-calculator-container input[type="number"]:focus, .md-paycheck-calculator-container select:focus { border-color: #007bff; outline: none; box-shadow: 0 0 0 2px rgba(0, 123, 255, 0.25); } .md-paycheck-calculator-container small { display: block; margin-top: 5px; color: #777; font-size: 0.85em; } .md-paycheck-calculator-container button { background-color: #28a745; color: white; padding: 12px 25px; border: none; border-radius: 5px; font-size: 18px; cursor: pointer; transition: background-color 0.3s ease; display: block; width: 100%; margin-top: 25px; } .md-paycheck-calculator-container button:hover { background-color: #218838; } .md-paycheck-calculator-container .calculator-result { margin-top: 30px; padding: 20px; border: 1px solid #d4edda; background-color: #e9f7ef; border-radius: 8px; color: #155724; font-size: 1.1em; line-height: 1.8; } .md-paycheck-calculator-container .calculator-result h4 { color: #155724; margin-top: 0; border-bottom: 1px solid #c3e6cb; padding-bottom: 10px; } .md-paycheck-calculator-container .calculator-result div { display: flex; justify-content: space-between; padding: 5px 0; border-bottom: 1px dashed #c3e6cb; } .md-paycheck-calculator-container .calculator-result div:last-of-type { border-bottom: none; font-weight: bold; font-size: 1.2em; margin-top: 10px; padding-top: 10px; border-top: 2px solid #c3e6cb; } .md-paycheck-calculator-container .calculator-result span:first-child { font-weight: normal; } .md-paycheck-calculator-container .calculator-result .net-pay { color: #0056b3; font-weight: bold; } function calculatePaycheck() { // Get input values var annualGrossPay = parseFloat(document.getElementById('annualGrossPay').value); var payFrequency = parseFloat(document.getElementById('payFrequency').value); var federalFilingStatus = document.getElementById('federalFilingStatus').value; var federalAllowances = parseInt(document.getElementById('federalAllowances').value); var stateFilingStatus = document.getElementById('stateFilingStatus').value; var stateExemptions = parseInt(document.getElementById('stateExemptions').value); var preTaxDeductions = parseFloat(document.getElementById('preTaxDeductions').value); var postTaxDeductions = parseFloat(document.getElementById('postTaxDeductions').value); // Validate inputs if (isNaN(annualGrossPay) || annualGrossPay < 0 || isNaN(federalAllowances) || federalAllowances < 0 || isNaN(stateExemptions) || stateExemptions < 0 || isNaN(preTaxDeductions) || preTaxDeductions < 0 || isNaN(postTaxDeductions) || postTaxDeductions 0) { if (federalFilingStatus === 'single') { if (federalTaxableIncome <= 11600) annualFederalTax = federalTaxableIncome * 0.10; else if (federalTaxableIncome <= 47150) annualFederalTax = 1160 + (federalTaxableIncome – 11600) * 0.12; else if (federalTaxableIncome <= 100525) annualFederalTax = 5426 + (federalTaxableIncome – 47150) * 0.22; else if (federalTaxableIncome <= 191950) annualFederalTax = 17167.50 + (federalTaxableIncome – 100525) * 0.24; else if (federalTaxableIncome <= 243725) annualFederalTax = 39115.50 + (federalTaxableIncome – 191950) * 0.32; else if (federalTaxableIncome <= 609350) annualFederalTax = 55678.50 + (federalTaxableIncome – 243725) * 0.35; else annualFederalTax = 183647.25 + (federalTaxableIncome – 609350) * 0.37; } else if (federalFilingStatus === 'married') { if (federalTaxableIncome <= 23200) annualFederalTax = federalTaxableIncome * 0.10; else if (federalTaxableIncome <= 94300) annualFederalTax = 2320 + (federalTaxableIncome – 23200) * 0.12; else if (federalTaxableIncome <= 201050) annualFederalTax = 10852 + (federalTaxableIncome – 94300) * 0.22; else if (federalTaxableIncome <= 383900) annualFederalTax = 34335 + (federalTaxableIncome – 201050) * 0.24; else if (federalTaxableIncome <= 487450) annualFederalTax = 78231 + (federalTaxableIncome – 383900) * 0.32; else if (federalTaxableIncome <= 731200) annualFederalTax = 111355 + (federalTaxableIncome – 487450) * 0.35; else annualFederalTax = 196602.50 + (federalTaxableIncome – 731200) * 0.37; } else if (federalFilingStatus === 'hoh') { if (federalTaxableIncome <= 16550) annualFederalTax = federalTaxableIncome * 0.10; else if (federalTaxableIncome <= 63100) annualFederalTax = 1655 + (federalTaxableIncome – 16550) * 0.12; else if (federalTaxableIncome <= 100500) annualFederalTax = 7247 + (federalTaxableIncome – 63100) * 0.22; else if (federalTaxableIncome <= 191950) annualFederalTax = 15463 + (federalTaxableIncome – 100500) * 0.24; else if (federalTaxableIncome <= 243700) annualFederalTax = 37411 + (federalTaxableIncome – 191950) * 0.32; else if (federalTaxableIncome 0) { if (mdTaxableIncome <= 1000) annualMdStateTax = mdTaxableIncome * 0; // First $1000 is 0% else if (mdTaxableIncome <= 2000) annualMdStateTax = (mdTaxableIncome – 1000) * 0.02; else if (mdTaxableIncome <= 3000) annualMdStateTax = 20 + (mdTaxableIncome – 2000) * 0.04; else if (mdTaxableIncome <= 100000) annualMdStateTax = 60 + (mdTaxableIncome – 3000) * 0.0475; else if (mdTaxableIncome <= 125000) annualMdStateTax = 4782.50 + (mdTaxableIncome – 100000) * 0.05; else if (mdTaxableIncome <= 150000) annualMdStateTax = 6032.50 + (mdTaxableIncome – 125000) * 0.0525; else if (mdTaxableIncome <= 250000) annualMdStateTax = 7345 + (mdTaxableIncome – 150000) * 0.055; else annualMdStateTax = 12845 + (mdTaxableIncome – 250000) * 0.0575; } annualMdStateTax = Math.max(0, annualMdStateTax); // Ensure tax is not negative // — Calculate totals per period — var federalTaxPerPeriod = annualFederalTax / payFrequency; var mdStateTaxPerPeriod = annualMdStateTax / payFrequency; var ficaTaxPerPeriod = annualFicaTax / payFrequency; var preTaxDeductionsPerPeriod = annualPreTaxDeductions / payFrequency; var postTaxDeductionsPerPeriod = annualPostTaxDeductions / payFrequency; var totalDeductionsPerPeriod = federalTaxPerPeriod + mdStateTaxPerPeriod + ficaTaxPerPeriod + preTaxDeductionsPerPeriod + postTaxDeductionsPerPeriod; var netPayPerPeriod = grossPayPerPeriod – totalDeductionsPerPeriod; // Format results var formatter = new Intl.NumberFormat('en-US', { style: 'currency', currency: 'USD', minimumFractionDigits: 2, maximumFractionDigits: 2, }); var resultDiv = document.getElementById('result'); resultDiv.innerHTML = `

Estimated Paycheck Breakdown (${document.getElementById('payFrequency').options[document.getElementById('payFrequency').selectedIndex].text})

Gross Pay: ${formatter.format(grossPayPerPeriod)}

Pre-Tax Deductions: -${formatter.format(preTaxDeductionsPerPeriod)}

Federal Income Tax: -${formatter.format(federalTaxPerPeriod)}

Maryland State Tax: -${formatter.format(mdStateTaxPerPeriod)}

FICA Taxes (SS & Medicare): -${formatter.format(ficaTaxPerPeriod)}

Post-Tax Deductions: -${formatter.format(postTaxDeductionsPerPeriod)}

Net Pay: ${formatter.format(netPayPerPeriod)}

*This is an estimate. Actual withholding may vary based on specific W-4/MW507 elections, additional taxes, and county taxes not included here. `; } // Run calculation on page load with default values document.addEventListener('DOMContentLoaded', calculatePaycheck);