Maryland Further Extends Tax Payment Deadline Due to COVID-19 Pandemic
Following the U.S. Treasury’s announcements last week extending the April 15 deadline for payment of federal income tax, Maryland announced a similar measure, postponing until July 15, 2020 all tax payments owed by business and individual income taxpayers (See news release here).
Although Maryland has not announced an extension of the April 15 deadline for filing a state return, Maryland will automatically grant a corresponding state tax return extension to taxpayers who avail themselves of the automatic six-month federal return filing extension (although payment must be made by July 15 to avoid interest and penalties).
Payments for fiscal years ending January 1, 2020 through March 31, 2020 also are eligible for an automatic payment extension until July 15, 2020.We will continue to monitor Maryland state tax developments. If you have questions, please contact a member of the Ballard Spahr LLP Tax Group.
Copyright © 2020 by Ballard Spahr LLP.
(No claim to original U.S. government material.)
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.
This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.