Some Marylanders and Maryland businesses are eligible for tax relief due to the conflict in the Middle East, the Comptroller's office announced Friday.
Comptroller Brooke Lierman's announcement comes nearly 6 weeks after the terrorist attacks in Israel on October 7th that initiated the current war.
They are waiving penalties and interest for individuals impacted "if they cannot file their returns or make timely payments for personal income tax, corporation income tax, pass-through entity tax, and fiduciary income tax."
The Maryland Comptroller's Office has extended the deadline to October 7, 2024.
Those who qualify for this relief are:
- Any individual whose principal residence is in Israel, the West Bank, or Gaza (the covered area), or a business entity or sole proprietor whose primary place of business is in the covered area.
- Any individual, business, sole proprietor, or trust whose books, records, or tax preparer is located in the covered area.
- Anyone killed, injured, or taken hostage due to the conflict.
- Any individual affiliated with a recognized government or philanthropic organization who is assisting in the covered area, such as a relief worker.
More information on what qualifying Marylanders or Maryland businesses should do to get the tax relief can be found below:
Taxpayers seeking waivers of penalties and interest for taxes should send a brief written explanation of why they cannot timely file or pay to taxpayerrelief@marylandtaxes.gov. Please be sure your email includes:
Full Name of Taxpayer/Business as listed on tax return
Last 4 digits of SSN or business EIN
The full mailing address of the taxpayer or business
The specific type of tax filing you are requesting the waiver
The estimated date when you believe tax filings and payment can be submitted
The Comptroller’s action today is in line with actions taken at the federal level. The Internal Revenue Service has also announced federal tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel. These taxpayers now have until Oct. 7, 2024, to file various federal returns, make tax payments, and perform other time-sensitive tax-related actions. For more information, go to https://www.irs.gov/newsroom/tax-relief-in-disaster-situations [u27412881.ct.sendgrid.net].
