Franchot pushes back state income tax filing deadline to July 15

Franchot pushes back state income tax filing deadline to July 15

Image by Steve Buissinne from Pixabay

@BryanRenbaum

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.

About The Author

Bryan Renbaum

Bryan@MarylandReporter.com

Reporter Bryan Renbaum served as the Capitol Hill Correspondent for Talk Media News for the past three-and-a-half years, filing print, radio and video reports on the Senate and the House of Representatives. He covered congressional reaction to the inauguration of President Donald Trump as well as the confirmation hearings of attorneys general Jeff Sessions and William Barr and Supreme Court Justice Brett Kavanaugh. He also filed breaking news reports on the 2017 shooting of House Majority Whip Steve Scalise and three others. Previously Bryan broke multiple stories with the Baltimore Post-Examiner including sexual assault scandals at the University of Maryland, Baltimore County and a texting scandal on the women’s lacrosse team at that school for which he was interviewed by ABC’s “Good Morning America.” He also covered the Maryland General Assembly during the 2016 legislative session as an intern for Maryland Reporter. He has a bachelor’s degree in political science from McDaniel College. If you have additional questions or comments contact Bryan at: bryan@marylandreporter.com

Support Our Work!

We depend on your support. A generous gift in any amount helps us continue to bring you this service.

MarylandReporter.com Podcast

Poll

Should businesses mandate Covid-19 vaccinations for employees?

Subscribe to Our Newsletter

Facebook

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!