Maryland Capital Gains Tax Calculator
Calculate your 2026 capital gains tax in Maryland. Maryland taxes capital gains at rates up to 6.5%, plus federal taxes.
Original purchase price
Renovations, additions — added to your basis
Agent commissions, closing costs, title & transfer fees
Total Tax
$46,800
23.4% effective rate
Capital Gain
$200,000
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Tax Breakdown
Sale price minus selling costs and all taxes (before any mortgage payoff).
Federal
$33,800
MD State
$13,000
Effective Rate
23.4%
Maryland Capital Gains Tax
Maryland taxes capital gains as ordinary income at state rates up to 6.5%, and from 2025 adds 2% on net capital gain when federal AGI exceeds $350,000, for a top state rate of 8.5%. County income taxes of 2.25% to 3.30% apply on top and are not included here. This calculator applies the 6.5% top rate to the whole gain, so it overstates the tax for most filers. It approximates the 2% tax by charging it on the part of your income plus gain above $350,000, while Maryland charges it on the whole net long-term gain once federal AGI passes $350,000 and not on short-term gains.
Long-term: Taxed as ordinary income (up to 6.5%), +2% when federal AGI exceeds $350,000; county tax on top
Short-term: Taxed as ordinary income (up to 6.5%); county tax on top; the 2% capital gains tax does not apply
NIIT Applied
The 3.8% Net Investment Income Tax applies because your income exceeds $200,000.
Maryland Capital Gains Tax Details
Tax Treatment
Tax Type
Taxed as ordinary income
Maximum Rate
6.5%
Available Exemptions
- Federal home-sale exclusion ($250K single / $500K married filing jointly) flows through to the Maryland return
- Gain on a primary residence sold for less than $1.5 million is exempt from the 2% capital gains tax (not applied here)
- Farm livestock, conservation-easement land and Section 179 business property are also exempt from the 2% tax
- Selling costs and capital improvements reduce the taxable gain
Maryland Capital Gains Tax FAQ
Official References
- IRS Topic 409: Capital Gains and Losses
Federal capital gains tax guidance
- IRS Publication 523: Selling Your Home
$250K / $500K home-sale exclusion, basis adjustments, and selling expenses
- Maryland Comptroller — Technical Bulletin 58: Taxation of Individual Capital Gain Income
Maryland state capital gains rules
This calculator provides estimates. Consult a tax professional for advice specific to your situation in Maryland.
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