If you are self-employed or do not have Maryland income taxes withheld by an employer, you can make quarterly estimated tax payments as part of a pay-as-you-go plan. You can make estimated payments online using iFile, which also allows you to review your history of previous payments made through iFile and also schedule the payments. You can also submit estimated payments using Form PV. In an ongoing effort to protect sensitive taxpayer information, the Comptrollerís Office has discontinued the mailing of the Estimated Personal Income Tax Packet.
If your employer does withhold Maryland taxes from your pay, you may still be required to make quarterly estimated income tax payments if you develop a tax liability that exceeds the amount withheld by your employer by more than $500.
If you receive $500 or more in income from awards, prizes, lotteries, racetracks or raffles, you must file Form PV - along with your full estimated tax payment - within 60 days of receiving the income.
If you file joint returns
You and your spouse may file a joint Form PV regardless of whether you file your final return jointly or separately.
The estimated tax may be claimed in any proportion on the final return as long as the amounts claimed separately do not exceed the total paid. If you and your spouse plan to file jointly, we recommend that you make estimated tax payments to a joint account.
Estimated Tax Forms and Services
- Form PV - Declaration of Estimated Tax
- Estimated Tax Calculator
- Form PV - Personal Declaration of Estimated Income Tax Payment Voucher