Maryland Comptroller Announces 2026 PTE Estimated Payment Changes Following Legislative Amendments

The Maryland Comptroller issued a tax alert providing guidance on 2026 pass-through entity (PTE) estimated payments following changes enacted in the Budget Reconciliation and Financing Acts (BFRA) of 2025 and 2026. The 2026 BRFA postponed broader taxable income changes to tax year 2027 and provides that, for tax year 2026, electing PTEs must calculate taxable income based solely on Maryland-source income for both resident and nonresident members, consistent with tax year 2025 treatment. The alert also allows electing PTEs that overpaid first-quarter estimated taxes under prior law to adjust remaining quarterly payments and provides that elections made with first-quarter payments ...