Maryland residents now have three extra months to file state income taxes this year because of coronavirus pandemic-related changes to the tax code. The State Comptroller Peter Franchot said that he is extending the filing deadline to July 15 because recent and pending state and federal COVID-19 relief legislation also affects the 2020 tax filings.
The Comptroller has extended the 2020 income tax filing and payment deadlines to July 15, 2021. The highlights are as follows:
- Individual, corporate, pass-through entity, and fiduciary income tax returns that otherwise would have been due between January 1, 2021, and July 15, 2021, are now due by July 15, 2021.
- Interest and penalty for late payment of tax will be waived for tax year 2020 payments that otherwise would have been due between January 1, 2021, and July 15, 2021, inclusive, if such tax is paid by July 15, 2021.
- The due date and penalty or interest waivers also apply to 2021 first quarter estimated payments typically due on April 15, 2021, and 2021 second quarter estimated payments typically due on June 15, 2021.
It is important to note that the Internal Revenue Service has kept its filing and payment deadline as April 15. If you need assistance in preparing and filing your individual or business tax returns, please reach out to your tax experts at Glass Jacobson.
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