|ANNAPOLIS, Md. (April 15, 2021) – Comptroller Peter Franchot announced today that all individual Tax Year 2020 tax forms have been updated and are ready for use by taxpayers and tax preparers, effective immediately.|
Ordinarily, April 15 would be the deadline for filing federal and state income taxes, but those due dates have been pushed back due to emergency legislation in Annapolis and Washington, D.C., that required extensive changes to the current year tax forms.
The IRS moved the federal income tax filing deadline to Monday, May 17; however, that does not apply to estimated federal income tax payments that remain due on April 15.
Comptroller Franchot has extended the Maryland deadline by three monthsto Thursday, July 15, in order to help families and small businesses experiencing economic hardship due to the pandemic. The extension applies to individual, pass-through entity, fiduciary and corporate income tax returns, including first and second quarter estimated payments.
“It’s been a trying year for so many Maryland families and businesses, but the tax changes approved by state and federal lawmakers will bring additional relief to many taxpayers,” Comptroller Franchot said. “I want to thank Marylanders for their patience as our team worked as quickly as possible to update these forms. As always, my pledge to taxpayers is we will process tax returns efficiently and securely, issue refunds within days, and provide the highest level of customer service that Marylanders deserve.”
Taxpayers who already filed their returns and were awaiting the revision of forms to amend their taxes to take advantage of an Unemployment Insurance subtraction must prepare and submit the amended filings using Maryland Form 502LU.
The federal American Rescue Plan Act of 2021 excludes the first $10,200 of unemployment insurance benefits from federal income for taxpayers with federal adjusted gross income (FAGI) of less than $150,000.
The Maryland RELIEF Act allows a subtraction on the state return for unemployment insurance benefits in excess of the $10,200 federal exclusion for taxpayers with a filing status of single, married filing separate or dependent with a FAGI of less than $75,000, and filers with married filing joint, head of household, or surviving spouse status with a FAGI of less than $100,000.
Additionally, taxpayers who qualify for the newly expanded Earned Income Tax Credit (EITC), including those who file using an Individual Tax Identification Number (ITIN), can now use the EITC Assistant on the Comptroller’s website to determine the amount of their credit. Most eligible taxpayers who already submitted their returns do not need to file an amended return to receive the adjusted EITC amount. If the only income sources are W-2, 1099-MISC, and 1099-NEC, the Comptroller’s Office will automatically make the adjustments and send the additional refund payment to those who are due refunds.
The tax forms ready for use as of today (April 15) are:
502 Maryland Resident Income Tax Return
502CR Maryland Personal Income Tax Credits for Individuals and Instructions
502LU Legislative Updates Addition/Subtraction Modifications *(New Form)*
502X Maryland Amended Tax Form and Instructions
505 Nonresident Income Tax Return
505X Nonresident Amended Tax Return
All forms will be available at www.marylandtaxes.gov. Third-party tax software vendors will have the updated forms available once they have successfully completed all necessary testing.
In just over two months since the start of the tax season, the Comptroller’s Office has processed more than 1.7 million tax returns and issued $1.17 billion in refunds to approximately 1.22 million taxpayers.
For more information or if you have questions about your return, email firstname.lastname@example.org or call 410-260-7980 from Central Maryland or 1-800-MD TAXES from elsewhere. Assistance is available Monday – Friday, 8:30 a.m. – 4:30 p.m.
MEDIA CONTACTS: Susan O’Brien – email@example.com Alan Brody – firstname.lastname@example.org
The Prince George’s County Boys and Girls Club (PGCBGC) is excited to bring you several youth sports events in the upcoming months. These events will include football, soccer, and basketball skill showcases, as well as the introduction of our new kickball league in the early summer. While we understand the significance of the COVID-19 pandemic and the impact that it has had on our community, we also recognize this pandemic’s impact on our youth, families, their well-being, and the desire to return to some normalcy.
Our 1st event will be a PGCBGC Punt, Pass, and Kick Skills Challenge, which is scheduled for Saturday, May 1, 2021. Followed by a PGCBGC Soccer Skills Challenge scheduled for Saturday, May 15, 2021, which will test our participant’s dribbling, shooting, and throw-in abilities. Our final skills challenge will be the PGCBGC Basketball Skills Challenge, which is scheduled for Saturday, May 29, 2021 and will test our participant’s dribbling, passing, and shooting abilities.
We’re excited to announce a couple updates regarding the upcoming PGCBGC Spring Events.
- Updated Rules for the (May 1st) Football Challenge
- Updated Flyers for Football and Soccer
- Updated Locations for the (May 1st) Football and (May 15th) Soccer Challenges
Prizes and trophies will be awarded to all winners, and medals will be awarded out to all participants.
All skill levels are welcome to participate in our fun-filled events but please keep in mind that due to COVID-19 restrictions, registrations are limited to 60 participants per age grouping, SO PLEASE ACT FAST.
All CDC, Federal, and local COVID-19 guidelines will be followed, including but not limited to face mask wearing at all times, good hand hygiene, and physical social distancing measures will be required of all participants and spectators in attendance at these events.
Stay engaged with us for future events visit us at www.pgcbgc.com for more information and to register.