You May Be Eligible for a $300 Tax Break

May 15, 2025 | Business Planning, Closely Held Business, Tax News

MarylandSaves

The MarylandSaves program has posted the following notice on its website, at MarylandSaves.com.

Businesses in Maryland are required to file their Annual Reports to the Maryland Department of Assessment and Taxation (SDAT) as part of their annual business tax filings. SDAT will waive its $300 annual report filing fee every year a Maryland business offers a qualified retirement plan, or registers and submits payroll contributions with MarylandSaves before December 31.

Employers must claim their waiver by December 31 to receive their SDAT filing fee waiver in the following year.

SDAT recommends that you file online for efficiency and accuracy. If you file online and are eligible for a waiver, you should see that your balance due is at $0.

To claim your 2026 SDAT Annual Report Filing Fee Waiver, click here.

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@2025

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