The deadline to file 2020 Maryland state income taxes has been extended from April 15 to July 15, Comptroller Peter Franchot said Thursday.
“We’ve never before seen so many changes to the current year’s tax code in the midst of the tax filing season,” Franchot said in a statement. “We’re realistic about the burden this puts on taxpayers, tax preparers, and our staff, which is why I’m taking this emergency action to extend the tax filing deadline to July 15.”
Franchot emphasized that extensive changes to tax forms caused by the passage of both the Hogan administration’s $1 billion Relief Act and the federal $1.9 trillion stimulus package necessitate pushing back the filing deadline.
“I know many Marylanders are eager to take advantage of these relief programs that will put more money back in their pocket and our agency is working as fast as possible to make the necessary changes. Our goal is to streamline this process so taxpayers don’t have to file multiple amendments as a result of further federal changes.”
The extension means that no interest or penalties will be assessed provided that tax obligations are met by July 15. The extension applies to both individuals and businesses and includes first and second quarter estimated payments.
Also on Thursday, Franchot extended the filing deadline for the Tobacco Floor Tax payment from June 13 to July 15 and the filing deadline for the sales and use tax on digital products for the months of March, April, and May to July 15.
Moreover, starting on April 1 Marylanders who are eligible for the expanded Earned Income Tax Credit (EITN) will be able to better ascertain how much money they are eligible to receive under that benefit as the comptroller’s office will launch a new EITN calculator on its website.
The updated state income tax forms will be available as of April 15. Federal income tax forms are still due on April 15.
House Ways and Means Committee Chairman Richard E. Neal and Oversight Subcommittee Chairman Bill Pascrell Jr., D-N.J., on Monday called on the IRS to extend the April 15 deadline but it appears, for now, the IRS will not budget on that date.