Maryland State Tax Extension

Filing for a Maryland extension gives you more time to file without penalties.

But remember, while the filing deadline may be extended, you still need to pay at least 90% of your estimated taxes by the original April 15th deadline to avoid penalties and interest.

Knowing the process and rules will help you stay compliant and avoid costly mistakes.

Maryland Tax Extension Requirements

What is an Extension?

An extension gives you more time to file without penalties for late filing. But this extension does not extend the deadline to pay any taxes due. If you need more time to file in Maryland, you can request a 6-month extension. This applies to residents and non-residents who file Form 502 or 505 income tax returns.

Important Maryland Extension Deadlines and Requirements

• Deadline: The deadline to file a Maryland tax extension is April 15th, the same as the original due date for your state return.

• New Deadline: Once granted, your new filing deadline will be October 15th, giving you six additional months to submit your return.

• Payment Requirement: To qualify for the extension, you must have paid at least 90% of your Maryland tax liability by the April deadline.

• Federal Extension: If you have filed a federal extension (Form 4868) and owe no state taxes, you will automatically receive the six-month Maryland extension and do not need to file Form PV. However, if you owe state taxes, Form PV must be submitted with your payment.

How to Request an Extension in Maryland

How Do I File a Maryland Tax Extension?

Here's how you can file your Maryland state tax extension:

Step-by-Step Process:

Special Cases for Extensions

Combat Zone Extension

Maryland offers a six-month extension for filing and paying taxes for military personnel and support staff stationed in a designated combat zone. If you are affected, simply enter code 912 in the code number box on your tax return. For more information, visit the Internal Revenue Service website.

Estate Tax Extension

If you are required to file a Maryland estate tax return, you may request an extension of up to six months. However, if you are outside the U.S., the extension can be up to one year.

Frequently Asked Questions

Do I Have to Pay My Maryland Taxes When I File a Tax Extension?

Yes, you must pay at least 90% of your total tax liability by the original deadline. The extension only applies to filing the return, not the payment due.

Who is Eligible for a Tax Extension in Maryland?

Anyone who needs more time to file their Maryland state return is eligible as long as they pay 90% of their taxes by April 15th.

What Are the Penalties for Filing Late?

Filing Late: Late filings are subject to a 5% monthly penalty (up to 25%) and interest on any unpaid balance.

What Are the Penalties for Paying Late?

Paying Late: Interest is calculated at 1% per month on unpaid taxes.

Should I File a Maryland Tax Extension?

You should file for an extension if you need more time to gather your documents and file accurately. However, to avoid penalties, make sure you pay 90% of your tax by the original deadline.

Maryland General Fund Summary (Fiscal Year 2024)

Maryland's total revenue was $25.5 billion for FY 2024, mostly from personal income tax ($13.6 billion) and sales tax ($5.9 billion). However, appropriations were $27.4 billion, so we had a deficit of $1.9 billion. This shows that we need to keep working on managing our expenses and revenue streams.

Conclusion

A Maryland tax extension gives you more time to file but not more time to pay.

Pay at least 90% of your taxes by April 15th to avoid penalties. Follow the steps above to file your extension correctly and avoid state tax issues.

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