Maryland Business Tax Calculator
Calculate corporate income tax, franchise tax, and gross receipts tax for businesses operating in Maryland.
Why calculating business in Maryland is different
Maryland has both state and local income taxes.
State Income Tax
2% - 5.75%
Base Sales Tax
6%
State Min Wage
$15.00 / hr
Abbreviation
MD
Maryland Business Interactive Tool
This calculator uses the latest 2026 data for Maryland, including the minimum wage of $15.00 and the specific state income tax rates (2% - 5.75%).
Frequently Asked Questions about Maryland Business
What is the corporate tax rate in Maryland?
Corporate tax structures vary. In addition to potential corporate income taxes, businesses in Maryland must also consider unemployment insurance taxes, sales tax collection (6%), and local business licenses.
Do LLCs pay tax in Maryland?
LLCs are typically pass-through entities, meaning profits pass through to the owners' personal tax returns and are taxed at the personal 2% - 5.75% rate. However, Maryland may also impose an annual LLC franchise fee.