Using statutory authority granted to him, Comptroller Peter Franchot today announced that he is extending the state income tax filing deadline by three months until July 15, 2021. No interest or penalties will be assessed if returns are filed and taxes owed are paid by the new deadline. The extension, which applies to individual, pass-through, fiduciary and corporate income tax returns, 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. In Maryland, passage of the RELIEF Act in February required extensive revisions to previously released forms and software programs used by tax filers and tax software vendors. Legislative veto overrides that took place later than usual prompted additional changes. At the federal level, the passage of a third stimulus package this week necessitates more changes to federal and state forms even as the traditional April 15 tax filing deadline approaches. “We’ve never before seen so many changes to the current year’s tax code in the midst of the tax filing season,” Comptroller Franchot said. “We’re realistic about the burden this puts on taxpayers, tax preparers and […]
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