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Maryland Announces State Income Tax Filing and Payment Extensions

Post-it note with 4/15 crossed out 7/15 written underneath

In a Maryland Tax Alert issued on March 11, 2021, the Comptroller’s office has decided to postpone certain state tax filing and payment deadlines to July 15, 2021. The Comptroller’s office stated the reason for the postponement was due to various legislative changes made to Maryland income tax laws during 2021. Additionally, federal legislation under the new American Rescue Plan Act also weighed in on their decision to postpone the deadlines. Below is a summary of what we know so far:

  • Maryland income tax return filing and payment deadlines scheduled between January 1, 2021 and July 15, 2021 have been postponed until July 15, 2021. This applies to all individual, corporate, pass through entity, and fiduciary taxpayers.
  • These postponements apply to all 2021 quarterly estimated income tax payments originally due during this period.
  • Penalties and interest for late payments of 2020 and/or 2021 taxes will be waived if made on or before July 15, 2021.
  • These postponements do not include the filing of estate tax returns or the payment of estate tax.
  • Maryland has extended the filing and payment of sales and use tax for sales taking place in March, April, or May of 2021 to July 15, 2021. Penalties and interest for late payments will be waived if made by July 15, 2021.
  • While the filing and payment deadline has not officially been postponed for the tobacco floor tax, Maryland will waive interest and penalties for late payments if paid by July 15, 2021.

It’s important to note that the U.S. Treasury Department has not made any announcements regarding any federal postponements as of the March 11, 2021.

Do not hesitate to contact a member of our tax team with any questions you may have regarding this extension and how it may affect you. We will continue to update this article with any new information as it becomes available.

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