LenaH
Employee Tax Expert

State tax filing

No. Since you owe $1,200 on your state tax return, you are being subject to interest. Maryland is a pay-as-you-earn state. If your employer does withhold enough 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.

 

Per Form 502UP (Line 10), if you are a first-time filer in Maryland, you have to pay at least 90% of the current year's tax to avoid interest. 

 

 

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