What is the Maryland Tax Filing Penalty?

By David Harris
File your taxes on time to avoid penalties.

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Tax penalties vary from state to state. Maryland residents must pay taxes on delinquent payments or underestimated returns. If you live in Maryland, it is important to know the penalties you might face if you do not file and pay your taxes in on time.

Time Frame

According to the Comptroller of Maryland, the state sends you a notice in the mail if you failed to pay your taxes or paid less than you owe. However, if you ignore this first notice, the second notice charges a penalty and interest.

Identification

The second notice--known as an assessment notice--is a legal document. The state may send your account to collections 30 days after you receive the notice.

Significance

According to the Comptroller of Maryland, penalties for delinquent taxes depend on how much you owe. The state charges at least 13 percent interest on the missing money. Interest calculations begin the date the money was due.

About the Author

David Harris is a writer living in Portland, Ore. He currently is the editor-in-chief of the online magazine Spectrum Culture. He holds a Master of Fine Arts in creative writing from Sarah Lawrence College.

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