state income tax

A whopping budget battle is shaping up in Annapolis, where the leaders of the House of Delegates and Senate floated widely divergent proposals Friday to raise income taxes as part of a plan to close a $1 billion shortfall

Gov. Martin O'Malley issued a rousing call for an aggressive program to invest in jobs and honor "human dignity" for families – whether the parents are gay or straight – in an upbeat State of the State Address Wednesday.

Is it right that almost half of Americans pay no income tax?

One in three Howard County residents would see an income tax increase under Gov. Martin O'Malley's plan to cap deductions and reduce exemptions for high-income earners.

County executives, education advocates, Maryland hospitals and Republican leaders all railed against Gov. Martin O'Malley's proposed budget Wednesday as critics began making their case against the $36 billion spending plan

O'Malley's spending proposal will be tough to pass, but it moves the state toward fiscal sustainability without unduly burdening the poor.

Gov. Martin O'Malley on Wednesday defended his proposal to ask 20 percent of Marylanders to pay more income taxes, calling his budget plan "a balanced approach" that preserves funding for priorities such as education

Howard County income tax collections — the second largest source of revenue — continues to increase, which will likely mean not drastic budget shortfall this coming year.

Maryland finished the fiscal year with $990 million in unspent funds, showing an end-of-year surplus that was about 50 percent higher than expected, according to a memo obtained by The Sun.

Converting a 401(k) or other "employee retirement system" to an IRA, SEPP or ineligible deferred compensation plan makes any distributions ineligible for the Maryland income-tax pension exclusion

Converting 401(k) accounts into annuities could be mutually beneficial

Living in Maryland is less expensive and more satisfying than dwelling in Texas.

Former comptroller candidate says Lone Star State policies on tort reform, taxes are just what's needed here

Council's vote to temporarily lower the county's income tax rate is sharply rebuked by County Executive John R. Leopold.

Proposal to reduce income taxes a little after raising property taxes far more puts the council on the path to fiscal stupidity

In Howard County, seeds of economic optimism

If you are a low- to moderate-income taxpayer and you shell out any money to have your taxes done, you're likely paying too much.

For taxpayers who are also procrastinators, this is your year. Not only is the IRS asking those with more complex returns to hold off filing until mid-February, but the usual tax deadline has been extended three days to April 18 because of a holiday in Washington.