Comptroller Peter Franchot announced today that processing of personal income tax returns for Tax Year 2020 will begin on February 12, 2021, several weeks later than the traditional mid-to-late January opening date. The delayed start allows the Internal Revenue Service (IRS) additional time to implement changes related to federal COVID-19 relief packages. Corporate income tax returns will be accepted beginning on February 1, 2021. “This late-starting tax season is yet another result of the global pandemic that has tragically killed more than 400,000 Americans, destroyed tens of thousands of small businesses, cut millions of jobs and depleted individual savings,” Comptroller Franchot said. “My pledge to Maryland taxpayers is to process state returns as quickly as possible and get refunds back into taxpayers’ hands where it can help individuals and the broader economy.” Last year, the Comptroller’s Office processed more than 3.2 million individual state tax returns with refunds totaling $3.03 billion. As of now, the filing deadline for 2020 tax returns is the traditional April 15, 2021 date. If the pandemic forces any change to that deadline, the Comptroller’s Office will communicate that information Taxpayers are encouraged to file their returns electronically for the fastest possible processing and to ensure […]
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