What are some examples of Maryland estimated tax payments?
If your Maryland tax due for 2025 is $10,000 and you'll have $3,000 of Maryland withholdings in 2026, you could make $8,000 in estimated tax payments to cover 110% ($3,000 of withholding + $8,000 of estimated payments = $11,000) of your 2025 Maryland tax bill. You'd probably want to make four quarterly estimated tax payments of $2,000 so you'll have paid $8,000 in estimated tax payments for the year.
If you think your 2026 Maryland taxes will be $10,000 and your 2026 Maryland withholdings from wages will be $3,000, then you probably want to make about $6,000 in Maryland estimated tax payments to cover 90% of your expected Maryland tax bill for next year.
If you choose to apply $2,000 of your 2025 refund to your $6,000 estimated 2026 Maryland tax bill, then instead of making $6,000 in Maryland quarterly estimated tax payments, you'd make $4,000 in quarterly estimated tax payments.
You wouldn't make a $1,500 quarterly estimated tax payment on April 15th, 2026 since the $2,000 in applied refund covers the first $1,500 quarterly estimated tax payment. You'd only make a $1,000 quarterly estimated tax payment on June 15th, 2026 instead of a $1,500 payment since the remaining applied refund of $500 covers part of the 2nd quarter estimated tax payment. You'd then make normal $1,500 payments on September 15th, 2026 and January 15th, 2027.
If you think your 2026 Maryland taxes will be $10,000 and your 2026 Maryland withholdings from wages will be $3,000, then you probably want to make about $6,000 in Maryland estimated tax payments to cover 90% of your expected Maryland tax bill for next year.
If you choose to apply $2,000 of your 2025 refund to your $6,000 estimated 2026 Maryland tax bill, then instead of making $6,000 in Maryland quarterly estimated tax payments, you'd make $4,000 in quarterly estimated tax payments.
You wouldn't make a $1,500 quarterly estimated tax payment on April 15th, 2026 since the $2,000 in applied refund covers the first $1,500 quarterly estimated tax payment. You'd only make a $1,000 quarterly estimated tax payment on June 15th, 2026 instead of a $1,500 payment since the remaining applied refund of $500 covers part of the 2nd quarter estimated tax payment. You'd then make normal $1,500 payments on September 15th, 2026 and January 15th, 2027.
