BALTIMORE — Back in June we reported on how the White House said Maryland residents would benefit from President Donald Trump's One Big Beautiful Bill (OBBB).
Since the bill was signed into law, the Administration unveiled an interactive state-by-state map with revised figures.
Here in Maryland, the White House Council of Economic Advisers estimates a typical family with two children could see a real take-home pay increase between $8,300 and $12,200 over the next four-years, after taxes and inflation.
Those numbers are lower than last month's projections of $8,900 to $15,500.
Meanwhile single earners are projected to make anywhere from $4,700 to $8,400 in real wage increases, after inflation.
That too is down from initial range estimates of $7,200 - $13,800.
Nonetheless, it's still thousands in annual savings that would've been lost had the bill failed.
RELATED: Maryland families would be 4th largest beneficiary of President Trump's Big Beautiful Bill
Among many highlights in Trump's signature legislation are tax reductions on tips, overtime, and social security for seniors.
According to the White House, around four percent of the state's labor force could benefit from tax-free tips.
Around 21 percent of Maryland workers put in extra hours, allowing them to cash-in on the bill's untaxed overtime provision.
The Administration says 56 percent of people in the state have jobs with some overtime, meaning they too could save.
MORE: Tax-Free Tips & Overtime Calculator
As for senior citizens collecting social security, the White House believes about 1 million in Maryland may no longer have to pay taxes.
The White House suggests Maryland could've lost the equivalent of 116 full-time jobs had the bill not passed.
Now that it has, about 86,000 Maryland firms (41 percent statewide) may be eligible for small business pass-through deductions, better known as 199A .
The White House also plans to further enhance opportunity zones which were part of Trump's original tax bill during his first term.
Through the third-quarter of 2024, opportunity zones created approximately 20,000 jobs and 5,700 housing units in Maryland, according to the Administration.
A more detailed breakdown can be reviewed below.
