This is an update to our prior blog posts regarding Federal and Maryland State tax deadlines.

The Comptroller recently announced that Maryland individual taxpayers who pay estimated quarterly taxes may defer payments for the first and second quarters of tax year 2022 until July 15, 2022. This announcement aligns with the Comptroller’s earlier announcement extending the State’s individual income tax filing and payment deadline for tax year 2021 to July 15, 2022. Details regarding the State’s automatic extension for filing 2021 Maryland individual tax returns and remitting final tax payments are included in the M&S blog post, Maryland Extends Individual Income Tax Filing and Payment Deadlines.

It is important to note that the extension for quarterly filing and payments is only for individual taxpayers. Pass-through-entities and corporations are not eligible for the payment extensions. For businesses and pass-through entities, the due dates shall remain dependent on the business’s tax year, and the type of entity. More details, including information related to requesting extensions for such entities, are included in the M&S blog post, Tax Filing and Payment Due Dates.

The 2021 filing and payment extensions and the 2022 estimated tax payment extensions to July 15, 2022 only apply to Maryland taxes. The federal individual tax deadline for 2021 tax returns and 2022 first quarter estimated tax payments remains Monday, April 18, 2022 and the second quarter estimated tax payment is due Wednesday, June 15, 2022.

Opinions and conclusions in this post are solely those of the author unless otherwise indicated. The information contained in this blog is general in nature and is not offered and cannot be considered as legal advice for any particular situation. The author has provided the links referenced above for information purposes only and by doing so, does not adopt or incorporate the contents. Any federal tax advice provided in this communication is not intended or written by the author to be used, and cannot be used by the recipient, for the purpose of avoiding penalties which may be imposed on the recipient by the IRS. Please contact the author if you would like to receive written advice in a format which complies with IRS rules and may be relied upon to avoid penalties.

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