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Comptroller Announces State Tax Deadline Extension (BBJ Story)

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The Baltimore Business Journal
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Worried about paying your taxes on time in the current economic landscape? Businesses and individuals in Maryland now have three extra months to file and pay their state income taxes, Comptroller Peter Franchot announced in a statement Tuesday night. “Right now, Maryland taxpayers and businesses must stay focused on their health and keeping their lights on, both in their homes and businesses,” Franchot said in the announcement. 

The call comes as Maryland, and most of the country, is practicing extreme social distancing in the wake of the coronavirus pandemic. The impact on the food service, entertainment, event and hospitality industries and their employees has been severe. Maryland made the call to extend the income tax deadlines for state filings and payments shortly after the White House announced a payment extension for federal income taxes. For federal income taxes, individuals and businesses must file for an extension by April 15, but can defer payment until July 15. For Maryland state income taxes, individuals and businesses have until July 15 to both file and pay and do not need to formally request an extension by April 15.

READ THE FULL STORY ON THE BBJ WEBSITE.

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