MD → FL Tax Savings

How Much Would You Save: Maryland vs Florida Taxes

Maryland taxes income up to 6.5%. Florida charges 0%. Compare the two side by side and see your potential savings.

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Maryland vs Florida: Tax Comparison

See how Maryland's tax structure compares to Florida across every major tax category.

Tax Category	Maryland	Florida
State Income Tax	Up to 6.5%	0%
Capital Gains Tax	Yes	No
State Estate Tax	Yes	No
Homestead Property-Tax Relief	Check state eligibility	Available to qualifying homeowners

Your Potential Tax Savings

Estimated annual state income tax savings when moving from Maryland to Florida, computed from Maryland's income tax brackets for a single filer.

Annual Income

$100,000

You Could Save

$4,384/yr

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Annual Income

$150,000

You Could Save

$7,040/yr

≈ $70,400 over a decade

Annual Income

$250,000

You Could Save

$12,573/yr

Annual Income

$500,000

You Could Save

$26,940/yr

Florida residents pay 0% state income tax. The figures above run each income through Maryland's 2026 individual income tax brackets for a single filer, after the state's standard deduction and before credits (California figures use the latest published 2025-indexed brackets). They cover state income tax only; local income taxes, filing status, and state-specific deductions can change your number. For a personalized projection, book a free consultation.Rate source: Tax Foundation 2026 State Individual Income Tax Rates and Brackets, with statutory 2026 overrides where post-publication legislation applies (Georgia HB 463, Kentucky HB 1, Ohio HB 96, Maryland BRFA 2025, North Carolina continuing decline, plus phasedowns in MS, NE, ID, MT, SC, IN, OK, UT per state DOR).

Key Tax Facts: Maryland

What you need to know about Maryland's tax environment before making your move.

Maryland's top marginal individual income tax rate in this 2026 wage-income comparison is 6.5%. Deductions, taxable-income thresholds and credits affect the amount actually paid.

Maryland imposes both estate and inheritance taxes; those rules are separate from individual wage taxation.

Maryland county income tax is additional to state tax and is excluded from this comparison. Check the rate for your county and tax year.

Maryland taxes capital gains as regular income at the combined state and county rate.

What this Maryland comparison includes

The comparison models a full year of wage income for a single filer in Maryland. A top marginal rate is not the rate paid on every dollar. A move during the year, continuing Maryland-source income, credits and local taxes can change the result.

Tax data used: 2026 schedule. MD Comptroller 2026 MW507 + Withholding Tax Facts Jan 2026 (BRFA 2025 brackets; flat standard deduction; stepped exemption) - externally validated Aug 2026
Single-filer standard deduction in the model: $3,400 before any modeled income-based reduction. Personal exemptions and credits are separate; this figure is not a filing threshold.

Establishing Florida domicile does not automatically end another state's statutory residency or source-income rules. Keep a dated move record, a travel calendar and records of income connected with your former state. A mailing address or declaration alone does not determine tax residency.

Check current guidance from Comptroller of Maryland. Check why tax may remain due after moving or review the Maryland departure guide.

Maryland vs Florida: Side by Side

Explore the practical steps involved in moving from Maryland to Florida.

Maryland charges up to 6.5% state income tax plus county taxes; Florida charges 0%.

Maryland has both an estate tax AND an inheritance tax; Florida has neither.

Maryland investment-income and county-tax rules require a separate calculation from this wage-only comparison.

At $150,000 of annual wage income, this model estimates $7,040 of Maryland state income tax for a single filer, versus no Florida individual income tax. This is a full-year comparison, excludes local taxes and does not calculate a move-year return.

Plan the departure from Maryland

Use the state migration guide to connect the calculation with residence, payroll and filing decisions. For Florida documents, follow the evidence checklist. A document package does not itself end Maryland tax obligations.

Frequently Asked Questions

How much will I save by moving from Maryland to Florida?

Maryland has a top income tax rate of 6.5%. Florida has 0% income tax. A single filer earning $150,000 could save approximately $7,040 per year, and one earning $250,000 approximately $12,573 per year (2026 rate schedules, after Maryland's standard deduction, state income tax only, before credits). Actual savings depend on your filing status and total income.

Will I still owe Maryland taxes after I move to Florida?

You may owe Maryland tax for the resident portion of the year and on Maryland-source income after leaving, such as rent from property there. Also check any statutory-residency and remote-work sourcing rules. Florida domicile alone does not settle these separate questions.