November 2025 | $300 Maryland Annual Report Fee Waiver - Deadline is December 31

In September of 2022, MarylandSaves was launched by The Maryland Small Business Retirement Savings Program, which was authorized by House Bill 1378 in 2016.

The program requires most Maryland employers to offer their employees some sort of retirement savings.

Participation in MarylandSaves or another qualified retirement plan exempts the employer from paying Maryland’s $300 annual report filing fee for each year the business either participates in the program or by offering another qualified retirement plan.

For businesses who enrolled in MarylandSaves, congratulations, you are already exempt from paying the annual fee. For businesses who offer another qualified retirement plan (such as a traditional pension, 401(k) plan, 403(b) plan, SEP plan, SIMPLE IRA plan, or governmental deferred compensation plan) you are also eligible for this fee waiver, but must claim it by December 31, 2025, by going to https://marylandsaves.com.

You must complete the waiver form every year to qualify for the $300 annual report filing fee waiver.

Near the top of the page, click “Claim Wavier.” This will take you to the Claim Your 2026 SDAT Annual Report Filing Fee Waiver page. Scroll down to complete the waiver before submitting. You must complete the waiver form every year to qualify for the $300 annual report filing fee waiver.

SDAT does not manage the eligibility list — businesses must verify their status directly with MarylandSaves. If your business is not on the approved list by the deadline, you will not receive the waiver for 2026.

Any completed forms received after December 31, 2025, will qualify for the 2027 SDAT Annual Report Filing Fee waiver.

For more information, please contact one of the experienced tax professionals at Bormel, Grice & Huyett, P.A. at 301-953-3259.