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Otherwise enter zero. Line 7. Enter the amount of line 6 you wish to have applied as a credit. COMPTROLLER OF MARYLAND Rev. 10-00 COT/RAD 042 Make check payable to ANNUAL EMPLOYER WITHHOLDING RECONCILIATION REPORT PLEASE RETURN THIS FORM FOR YEAR ATTACH MARYLAND COPIES OF W-2 FORMS OR ENCLOSE WITH MAGNETIC TAPE. ENTER NUMBER OF W-2 FORMS TOTAL MARYLAND WITHHOLDING TAX REPORTED THIS YEAR NAME ENTER TOTAL STATE/LOCAL TAX AS SHOWN ON W-2 FORMS ADDRESS w w 3 a. CREDITS ATTACH FORM 500CR FEIN BALANC ...

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What does annual withholding mean?

What Is Withholding? Withholding is the portion of an employee's wages that is not included in their paycheck but is instead remitted directly to the federal, state, or local tax authorities. Withholding reduces the amount of tax employees must pay when they submit their annual tax returns.

What is a withholding tax return?

Withholding tax is the income tax your employer withholds from your paycheck and sends to the IRS on your behalf. If too much money is withheld throughout the year, you'll receive a tax refund.

What are examples of withholding taxes?

In the US, withholding by employers of tax on wages is required by the federal, most state, and some local governments. Taxes withheld include federal income tax, Social Security and Medicare taxes, state income tax, and certain other levies by a few states.

What dates are quarterly taxes due 2022?

Estimated tax 1st quarter payment deadline: April 18, 2022. 2nd quarter payment deadline: June 15, 2022. 3rd quarter payment deadline: September 15, 2022. 4th quarter payment deadline: January 17, 2023.

Has the due date for form 941 been extended?

For the third quarter (Jul, Aug, and Sep), Form 941 is due by October 31, 2022. *The actual deadline is October 31 which falls on Saturday.

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