Maryland

2023 Maryland State Tax Deadlines

Maryland Individual Income Tax Filing deadlines and extensions for 2023.

If you are a resident or have been involved in significant business operations within Maryland then you might be required to file Maryland State Taxes. We look at the most important tax deadlines and tax extensions for Maryland in 2023.

C Corporation

Maryland C Corporation Tax Deadlines for 2023

You must file & pay Corporate Income Taxes in Maryland by April 16, 2024.

Applicable forms:
Form 500 - Corporation Income Tax Return

Extension to File Taxes in Maryland for 2023

You must send payment for taxes in Maryland for the fiscal year 2023 by April 16, 2024.

The Extension Deadline is November 15, 2024 to file your Maryland income tax return.

Maryland may grant an extension of time to file your Form 500. Submit Form 500E - Maryland Application for Extension to File Corporation Income Tax Return. Maryland law provides for an extension of time to file, but in no case can an extension be granted for more than seven months beyond the original due date.

This is an extension to FILE, not an extension to PAY - payment is still due April 16, 2024.

Pass-Throughs

Maryland S Corporation & Partnership Tax Deadlines for 2023

You must file in Maryland by April 16, 2024.

Applicable forms:
Form 510 - Pass-Through Entity Income Tax Return

Extension to File S Corporation & Partnership Taxes in Maryland for 2023

You must send payment for taxes in Maryland for the fiscal year 2023 by April 16, 2024.

The Extension Deadline is November 15, 2024 to file your Maryland income tax return.

Maryland may grant an extension of time to file your Form 510. Submit Form 510E - Maryland Application for Extension to File Pass-Through Entity Income Tax Return. Maryland law provides for an extension of time to file, but in no case can an extension be granted for more than seven months beyond the original due date.

This is an extension to FILE, not an extension to PAY - payment is still due April 16, 2024.

Maryland Individual Tax Deadlines for 2023

Estimated Tax Deadline for Maryland 2023

Estimated tax payments should be made:

April 18, 2023
June 15, 2023
September 15, 2023
January 15, 2024

See PV for the amount to pay with each voucher.

Individual Tax Deadline for Maryland 2023

You must file & pay Individual Income Taxes in Maryland by April 16, 2024.

Applicable forms:
502 - Full Time Residents
505 - Non-Residents & Part-Year Residents

Extension to File Taxes in Maryland for 2023

You must send payment for taxes in Maryland for the fiscal year 2023 by April 16, 2024.

The Extension Deadline is October 15, 2024 to file your Maryland Individual Income tax return.

Maryland will automatically grant a 6 months extension on filing personal income taxes if a federal extension is filed and there is no tax due. This means you do not need to file for an extension in Maryland if you file a federal extension, attach the federal extension to the state return and have no tax due in Maryland. If you do NOT file a federal extension or have tax due, file Form PV.

This is an extension to FILE, not an extension to PAY - payment is still due April 16, 2024.

Estates Tax Deadline for Maryland 2023

Maryland requires you to pay the Estate Tax within 9 months after the date of death.

Farmer and Fisherman Taxes for Maryland 2023

If at least 2/3 of your gross income for the taxable year is derived from farming, you may pay estimated tax at any time on or before January 15, 2024. If you wait until January 15, 2024, you must pay the entire balance of the estimated tax. However, if farmers file their tax return on or before March 1, 2024, and pay the total tax at that time, they need not file estimated tax.

Sources

The material discussed on this page is meant for general illustration and/or informational purposes only and is not to be construed as investment, tax, or legal advice. You must exercise your own independent professional judgment, recognizing that advice should not be based on unreasonable factual or legal assumptions or unreasonably rely upon representations of the client or others. Further, any advice you provide in connection with tax return preparation must comply in full with the requirements of IRS Circular 230.

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2024 Maryland State Tax Deadlines

2022 Maryland State Tax Deadlines

Tax strategies to save every dollar you deserve

Instead helps you find every eligible tax strategy, from basic credits and deductions to complex scenarios, ensuring you maximize your savings.

Start today

HRA

Set aside money on a pre-tax basis to pay for qualified medical expenses to maximize tax savings opportunities.

Child & dependent tax credits

Claim up to $2,000 per child & $500 per other dependent. Automatically maximize your child and dependent-related tax credits.

Health savings account

Set aside money on a pre-tax basis to pay for qualified medical expenses to maximize tax savings opportunities.

Sell your home

Transform your home sale into a tax-saving opportunity.

QEAP

Skill up your team, scale down your business expenses.

Work opportunity tax credit

Unlock tax savings for empowering your community through hiring.

Oil & gas deduction

Drill into tax savings. Maximize deductions for both tangible and intangible drilling costs.

Hiring kids

Reduce taxable income & self-employment tax by hiring your kids.

Home office

Deduct qualified expenses for using your home for business purposes.

Meal expenses

Business can typically deduct 50% of meals associated with doing business with some cases allowing up to 100% deduction.

Travel expenses

Businesses can deduct necessary travel expenses, like airfare and lodging, directly related to operations for tax savings.

Vehicle expenses

Vehicle tax deduction allows deduction of business vehicle expenses, using a per-mile rate or actual costs, from taxable income.

Late S election

A Late S Election lets a corporation request IRS S corp status post-deadline.

Late C election

A Late C Election is a request to the IRS for C corporation status after the deadline.

Depreciation

Business can typically deduct 50% of meals associated with doing business with some cases allowing up to 100% deduction.

R&D tax credit

Fuel your venture's growth and innovation with the R&D tax credit. Not just for tech firms or big corporations.

Clean vehicle

Businesses and Individuals can receive a tax credit for purchasing new eco-friendly vehicles. Individuals may also qualify on used eco-friendly vehicles.

Residential clean energy

Taxpayers who invest in renewable energy improvements for their home or second home may qualify for a credit to lower their income tax.

Augusta rule

The Augusta Rule lets homeowners rent their property tax-free for up to 14 days a year without reporting the income.

Roth 401k

Roth 401(k) lets employees and individuals make after-tax retirement contributions, offering tax-free growth and withdrawals.

Traditional 401k

Traditional 401(k) plans offer pre-tax retirement savings for employees, with companies reducing taxable income via contributions.