When does Maryland start accepting tax returns? This is a common question among Maryland residents and taxpayers who are eager to file their taxes as soon as possible. Understanding the timeline for tax return acceptance is crucial to ensure that you can take advantage of any tax deductions or credits available to you. In this article, we will explore the key dates for when Maryland begins accepting tax returns each year.
Tax season is a time of both excitement and anxiety for many individuals and businesses. The opportunity to file taxes and potentially receive a refund or pay a reduced amount can be thrilling, but the complexity of tax laws and regulations can also be daunting. One of the first questions that come to mind is when Maryland starts accepting tax returns.
Maryland Tax Return Filing Dates
Maryland typically follows the federal tax filing schedule when it comes to accepting tax returns. The state tax filing season usually begins on January 15th, which is the same day the Internal Revenue Service (IRS) starts accepting federal tax returns. This means that taxpayers can begin filing their Maryland state tax returns as soon as they have completed their federal tax returns.
However, it’s important to note that Maryland’s tax filing deadline is different from the federal deadline. While the federal tax filing deadline is April 15th, Maryland’s deadline is typically April 15th, but it can be extended due to certain circumstances, such as holidays or tax preparation delays.
Extended Tax Filing Deadlines
In some years, Maryland may extend the deadline for filing tax returns. For example, if April 15th falls on a weekend or a holiday, the deadline may be pushed to the following Monday. Additionally, if the IRS extends the federal tax filing deadline due to unforeseen circumstances, Maryland may also follow suit and extend its state tax filing deadline.
Electronic Filing vs. Paper Filing
It’s worth mentioning that Maryland encourages taxpayers to file their state tax returns electronically. Electronic filing is faster, more accurate, and more secure than paper filing. Moreover, it allows taxpayers to receive their refunds much sooner than if they were to file a paper return.
Conclusion
In conclusion, Maryland starts accepting tax returns on January 15th, following the federal tax filing schedule. Taxpayers should keep an eye on any potential changes to the filing deadline and take advantage of electronic filing to ensure a smooth and efficient tax return process. By staying informed about when Maryland starts accepting tax returns, taxpayers can make the most of their tax filing experience and potentially maximize their financial benefits.
