The State of Maryland has extended the filing deadline for 2020 income tax returns from pass-through entities until September 15, 2021. The waiver, which goes automatically into effect and requires no action on the part of filers, acknowledges a new complexity introduced to the filing process through passage of recent legislation, SB 496 – Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families (RELIEF) Act, and SB787 – Digital Advertising Gross Revenues, Income, Sales and Use, and Tobacco Taxes – Alterations and Implementation, which were passed into law in February and May 2021, respectively.
Taxpayers who file their returns and pay liabilities by September 15 will not be charged a penalty.
Click here to read more on the State of Maryland’s website.
For more about the State of Maryland income tax deadline extension for pass-through entities, contact Tax Practice Director Richard Morris via the firm’s online contact form.