Tax Year 2023 - Form MW508A Annual Employer Withholding Reconciliation Report-2026

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The document is the Maryland Annual Employer Withholding Reconciliation Report (MW508A), which requires employers to report their withholding tax information for a specific tax year. It includes sections for reporting W-2/1099R forms, total withholding tax, state and local taxes, and any overpayments or credits. The form must be signed and dated by the employer, affirming its accuracy under penalty of perjury.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your Federal Employer Identification Number (FEIN) and your name at the top of the form.
Indicate if this is an amended return by checking the appropriate box.
Report the number of W-2/1099R forms attached by entering that number in the designated field.
Input the total Maryland withholding tax reported on MW506 for the year in the corresponding section.
Enter the total state and local tax combined as shown on your W-2/1099R forms.
Fill in the total withholding tax paid this year and any applicable tax exempt credits, ensuring to attach MW508CR if claiming a credit.
Calculate and enter the amount of withholding tax due by subtracting lines 3a and 3b from line 3.
If applicable, report any overpayment as a positive number and indicate how much should be applied as a credit or refunded.
Finally, complete the declaration section by signing, dating, and providing your title before submitting.

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Versions	Form popularity	Fillable & printable
2023	4.8 Satisfied (23 Votes)
2020	4.8 Satisfied (250 Votes)
2017	4.3 Satisfied (168 Votes)
2014	4.1 Satisfied (38 Votes)

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What is an annual reconciliation?

Annual reconciliation in USA sales tax refers to the process of reviewing and verifying your businesss sales tax records and filings for the entire year. This process involves comparing the total sales tax collected throughout the year with the amount remitted to the state or local tax authority.

What is the annual employer withholding reconciliation return?

As an employer, youre responsible for withholding the right amounts from employee paychecks and sending those funds to the appropriate tax authorities. Annual withholding reconciliation is the process where you compare all those withheld taxes with the amounts youve actually submitted throughout the year.

What is the annual employer withholding reconciliation report in Maryland?

Form MW-508 Maryland Employer Annual Withholding Reconciliation. The MW-508 is the Maryland Annual Employer Withholding Reconciliation form, used by employers to report and reconcile state income taxes withheld throughout the year. This form must be submitted annually.

What is form 944 employers annual federal tax return?

Form 944 is designed so the smallest employers (those whose annual liability for social security, Medicare, and withheld federal income taxes is $1,000 or less) will file and pay these taxes only once a year instead of every quarter.

What is MD form 508?

Form MW508 is an Annual Employer Withholding Reconciliation used to report the total income taxes withheld from employees/contractors and taxes remitted to the state.

mw508 form 2023

MW508 form MW508 form 2024 MW508 form 2020 MW508A instructions MW506 Mw506 form 2024 Maryland form 506 MW507

What is an employer withholding return?

For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular pay depends on two things: The amount you earn. The information you give your employer on Form W4.

Are employers required to withhold Maryland County taxes?

Are employers required to withhold Maryland local taxes? Yes, twenty-three counties in Maryland and Baltimore City charge income taxes. Rates are as low as 2.25% in some areas and as high as 3.2% in others.