By: David M. Higgins II, Publisher/Staff Writer
Washington, D.C.- This morning, Treasury Secretary Steven Mnuchin announced that the Treasury is extending the IRS 2019 Tax Filing Deadline three months, to July 15. This is in response to the COVID-19 outbreak.
The Maryland Comptroller’s Office will conform with the Internal Revenue Service’s 90-day extension of federal income tax payments from April 15 to July 15, 2020.
Comptroller Franchot said Maryland individual and corporate income taxpayers will be afforded the same relief for state income tax payments. No interest or penalty for late payments will be imposed if 2019 tax payments are made by July 15, 2020. Taxpayers must file for an extension for the filing of FEDERAL taxes by April 15. Taxpayers should refer to the IRS for further details.
“Extending these due dates for all Maryland state income tax payments and for business tax payments will help Marylanders to keep the cash flowing in our economy and offer small businesses a lifeline to survive this COVID-19 crisis,” Comptroller Franchot said.
This is a developing story.