ANNAPOLIS, Md. (February 23, 2022) – Comptroller Peter Franchot today announced that Maryland individual taxpayers who pay estimated quarterly taxes may defer those payments for the first and second quarters of the tax year 2022 until Friday, July 15, 2022.
The extension only applies to individuals, not pass-through entities (PTE) or corporate estimated tax filers. Individual estimated tax filers are strongly encouraged to file electronically.
“As Marylanders recover from the economic hardship wrought by the COVID-19 pandemic, hardworking taxpayers deserve this extra time to improve their financial circumstances,” Comptroller Franchot said. “Even as infection numbers improve, we must remember that many people have struggled – and continue to struggle – to make ends meet. These extensions are a simple change that can make a big difference for people facing financial strain.”
This extension of individual estimated taxes aligns with Franchot’s announcement last month extending the individual income tax year 2021 filing and final payment date by three months for Maryland state income taxes to July 15, 2022. The federal individual income tax deadline is Monday, April 18, 2022.
Please consult our tax alerts (under the income tax tab) for additional information.
This is the third consecutive year that Comptroller Franchot has extended filing and payment deadlines for state individual income taxes to July 15, each time to assist taxpayers facing financial difficulties due to the COVID-19 pandemic.
Maryland taxpayers do not need to request an extension to receive the three-month grace period; it will be automatically granted to all resident and non-resident filers. Taxpayers expecting a refund should file their return as soon as possible and not wait until July 15 to submit.
As always, taxpayers are encouraged to file their returns electronically and use direct deposit for the fastest possible processing and to ensure they receive all possible refunds and to avoid continued delays with the United States Postal Service. A list of approved vendors for use in filing your electronic return can be found on the Comptroller’s website.
Maryland taxpayers also can use the agency’s free I-File system to file state tax returns.
Comptroller Franchot also reminds taxpayers that changes made last year to both the federal Earned Income Tax Credit (EITC) and the state Earned Income Credit (EIC) may benefit them, particularly Marylanders who file using an Individual Tax Identification Number (ITIN).