PV worksheet: Personal income tax payment voucher worksheet (2024)
Maryland · Comptroller of Maryland · Used for tax years 2024
Maryland’s Payment Voucher Worksheet for Estimated Tax and Extension Payments helps you estimate your 2024 Maryland and local income tax. It also helps you determine whether you owe tax when requesting an extension to file.
Who files this form
The PVW worksheet helps you calculate estimated tax or an extension payment. Form PV is the payment voucher.
You must file an estimated tax declaration if you must file a Maryland income tax return and expect your tax to exceed your Maryland withholding by more than $500. This can apply to income with no withholding or wages with too little Maryland tax withheld.
You must also file a declaration and pay in full within 60 days after receiving $500 or more from awards, prizes, lotteries or raffles if Maryland tax was not withheld. This applies to cash and property.
If you cannot complete Form 502, 505, 510C or 515 by the due date, use the worksheet to determine whether an extension payment is needed. Do not file for an extension if the worksheet shows no additional tax due. For Form 510C payments, the instructions direct you to use Form EL102B.
When it's due
For tax year 2024 estimated tax, the printed payment dates are:
- April 15, 2024: Pay at least one-fourth of the total estimated tax on line 15. You may pay the full estimate instead.
- June 15, 2024: Second quarterly payment.
- September 15, 2024: Third quarterly payment.
- January 15, 2025: Fourth quarterly payment.
Instead of making the fourth payment, you may file your 2024 return and pay the balance due by January 31, 2025.
For farmers and fishermen whose estimated farming or fishing gross income is at least two-thirds of total estimated gross income, the 2024 declaration and full estimated payment are due January 15, 2025. No declaration is required if you file a complete Form 502 or 505 and pay all tax due by March 1, 2025.
What you'll need
Have the information used by the worksheet ready:
- Expected 2024 federal adjusted gross income and Maryland additions or subtractions.
- Deductions, personal exemptions and allowable tax credits.
- Expected Maryland withholding and estimated payments already made.
- Any 2023 overpayment applied to 2024 estimated tax.
- Your filing status and applicable local or special nonresident tax rate.
For the extension calculation, the instructions say to use Form 502, 505, 510C or 515 as a worksheet.
A joint estimated tax declaration must include both spouses’ Social Security numbers. If filing for a minor, enter the minor’s name and Social Security number.
How to file
Estimated payments online: Use Maryland’s iFile program at marylandtaxes.gov/online-services/individuals.php. You can make one payment or schedule payments to be withdrawn from your bank account on the dates you choose.
Extension payments online: The same page offers electronic extension filing and payment. The instructions also allow direct debit from a checking or savings account and credit card payments through marylandtaxes.gov.
Payment by check or money order: Make it payable to Comptroller of Maryland. For estimated payments, use blue or black ink and include the taxpayer’s SSN or ITIN, or the primary taxpayer’s number for a joint payment.
For an extension payment by check or money order, attach the payment to Form PV. Include the identifying information required by the instructions, including the primary taxpayer’s SSN or ITIN, tax type and tax year for a joint payment. The printed mailing address is:
Payment Processing
PO Box 8888
Annapolis, MD 21401-8888
To request a Maryland extension without requesting a federal extension, use marylandtaxes.gov or call 410-260-7829 from Central Maryland or 1-800-260-3664 from elsewhere.
Common mistakes
- Mailing the worksheet: The form says not to mail the PVW to the Revenue Administration Division.
- Sending an unnecessary voucher: Do not submit Form PV when filing and paying electronically or by credit card. Never mail Form PV without a payment.
- Treating an extension as extra time to pay: An extension does not extend the payment deadline. Unpaid tax can lead to interest and penalties.
- Leaving identifying information off a check or money order: The instructions warn that this delays payment processing.
- Sending cash: The instructions say not to send cash.
- Repeating the worksheet unnecessarily: For later estimated payments, you do not need to complete it again if you already calculated the quarterly amounts.
Questions people ask
Can I apply a 2023 overpayment to my 2024 estimated tax?
Yes. You may apply all or part of an overpayment from Form 502 or 505. If it covers the first quarterly estimated payment, the instructions say you do not need to file the declaration. If it covers only part, file the declaration and pay the balance of the first installment.
What if my income changes during the year?
A large increase in income may mean you need to file a declaration. To amend your original estimate, increase or decrease the remaining payments.
Can married spouses file a joint declaration?
Yes. Enter both Social Security numbers on a joint declaration.
Do I need to request a Maryland extension if I already filed a federal extension?
If you filed a federal extension and expect to owe no Maryland tax, Maryland grants an automatic six-month filing extension for Forms 502, 505, 510C and 515. You do not need a separate extension request.
Is there an estimating tool for nonresidents?
Yes. The text directs nonresidents to the Nonresident Estimate Tax Calculator at marylandtaxes.gov to estimate 2024 Maryland taxes.