Comptroller Peter Franchot today announced that he is extending the state income tax filing deadline until July 15, 2021. No interest or penalties will be assessed if returns are filed and taxes are paid by the new deadline.
The extension, which applies to individual, pass-through entity, fiduciary, and corporate income tax returns with due dates between January 1 and July 15, 2021, inclusive, including first and second quarter estimated payments, is due to recent and pending legislation at the state and federal levels that impact 2020 tax filings and provide economic relief for taxpayers harmed by the COVID19 pandemic. This legislation creates the need for extensive revisions to previously released forms and software programs used by tax preparers and taxpayers.
As of now, the Internal Revenue Service has not changed its filing and payment deadlines. Maryland Sales and Use tax returns will also be revised to reflect changes. Accordingly, the Comptroller has extended the due date of sales and use tax returns for sales taking place in March, April, and May of 2021 to July 15, 2021.