It depends. According to the State of Maryland filing instructions, you will need to file as a full year resident. The instructions state:
- You are a resident of Maryland if:
- Your permanent home is or was in Maryland (the law refers to this as your domicile). OR
- Your permanent home is outside of Maryland, but you maintained a place of abode (a place to live) in Maryland for more than six months of the tax year. If this applies to you and you were physically present in the state for 183 days or more, you must file a full-year resident return. The period of time between 1/1-7/2 is 183 days and more than 6 months.
- Thus in 2023, you would need to file a Maryland Resident tax return based on this parameter.
For 2024, you will not have a filing requirement to the State of Maryland since your business is not based there.
Yes, you should pay estimated taxes to avoid an estimated tax penalty if you owe or expected to owe more than $1000 in taxes. You do not need to make estimated tax payments this year if:
- You had no tax liability for the prior year
- You were a U.S. citizen or resident alien for the whole year
- Your prior tax year covered a 12-month period
Estimated Tax Payment Requirement
[Edited 02/22/22|7:45 AM PST]
@gdubbz
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