*Updated 2/23/22 to reflect that the extended due date for Maryland returns applies only to individual returns and individual first and second quarter estimates only.
Maryland taxpayers will have until Friday, July 15, 2022 to file and pay state individual income taxes with no penalties or interest. The federal income tax deadline will remain as Monday, April 18, 2022 since the Internal Revenue Service (IRS) has not indicated any plans to extend the deadline.
On January 19, 2022, Comptroller Peter Franchot announced the three-month extension for Maryland state individual income taxes through a virtual news conference, in which they discussed the beginning of the 2022 tax season, which will be on January 24. That is the day when federal and state individual income tax returns will be accepted. The extension was made to assist taxpayers facing financial difficulties due to the COVID-19 pandemic.
Maryland taxpayers do not need to request the grace period, it will be automatically granted to all resident and nonresident filers. If taxpayers expect to get a refund, they should file as soon as possible instead of waiting until the July 15 deadline.
This marks the third consecutive year that the filing and payment deadline has been extended to July 15. According to the press release issued by the Comptroller of Maryland, those extensions have benefited approximately 600,000 taxpayers each year enabling them to hold onto a combined 1.8 billion as an interest-free loan.
Contact your BSSF tax advisor if you have any questions.