NOTTINGHAM, MD—Americans will have a few extra months to file their taxes due to the coronavirus pandemic. On Friday morning, Treasury Secretary Steve Mnuchin announced that “Tax Day” had been moved to July 15th. “At (President Trump’s) direction, we are moving Tax Day from April 15 to July 15,” said Mnuchin. “All taxpayers and businesses will have this additional time […]
UPDATE: The federal government has extended the tax filing deadline to July 15, 2020. Original story below… —— ANNAPOLIS, MD—Following this week’s White House press conference where it was announced that there would be a 90-day extension of the April 15th deadline for federal income tax payments, Maryland Comptroller Peter Franchot has announced that Maryland business and individual income taxpayers […]
ANNAPOLIS, MD—To assist businesses affected by the economic impact of COVID-19, Comptroller Peter Franchot on Monday announced he will extend business-related tax filing deadlines. The June 1st extension applies to certain business returns with due dates during the months of March, April and May 2020 for businesses filing sales and use tax, withholding tax, and admissions & amusement tax, as […]
BALTIMORE, MD—The Maryland State Department of Assessments and Taxation (SDAT) on Wednesday announced the availability of 2020 Annual Reports, Personal Property Tax Returns, and Extension Requests. All domestic and foreign business entities must file an Annual Report or request an extension by April 15, 2020, in order to maintain their “Good Standing” status. The quickest and easiest way to submit […]
ANNAPOLIS, MD—Governor Larry Hogan on Friday announced a more than $1 billion tax relief proposal to make it more affordable for retirees to stay in Maryland. This legislation, which would lower taxes for more than 230,000 Marylanders, is the biggest tax reduction in Maryland in more than two decades. “People who have been lifelong Marylanders and have contributed so much, […]
ANNAPOLIS, MD—Governor Larry Hogan and Maryland Higher Education Commission (MHEC) Secretary Dr. James D. Fielder have announced the awarding of nearly $9 million in tax credits for 9,600 Maryland residents with student loan debt. “It is critical that we look for ways to help those in our state crippled by student loan debt,” Governor Hogan said. “This program helps Maryland […]
UPDATE: Federal prosecutors have recommended that the former mayor be sentenced to nearly five years in prison. Original story below… —— BALTIMORE, MD—Catherine Pugh on Thursday pleaded guilty to 4 of 11 charges in her criminal indictment. The former Baltimore mayor has pleaded guilty to conspiracy and tax evasion charges, and pleaded not guilty to wire fraud. Pugh was indicted […]
ANNAPOLIS, MD — Comptroller Peter Franchot on Thursday announced that revenues for Fiscal Year 2019 came in $216.6 million above the Board of Revenue Estimates’ projections, bringing the unassigned balance of the State’s General Fund to $351 million, or less than one percent of the total FY 19 operating budget of $44.6 billion. The final closeout numbers reflect stronger-than-expected revenue […]