Get 2024 Maryland Form 508 Annual Employer Withholding Reconciliation Return

Filing the 2024 Maryland Form 508 is an essential step for employers to reconcile their withholding tax for the year. This guide provides clear, step-by-step instructions to help users complete this form accurately and efficiently online.

Follow the steps to fill out the form successfully.

1. Click the ‘Get Form’ button to access the 2024 Maryland Form 508. This will open the form, allowing you to begin filling it out.
2. Enter the total gross Maryland payroll for the calendar year in the provided field. This figure should reflect all employee earnings.
3. Complete the field for your name and address information. This is important to ensure proper processing and communication.
4. Input your Federal Employer Identification Number (FEIN), which consists of 9 digits. This number is crucial for identification purposes.
5. Enter the NAICS Code, which represents your business activity and consists of 6 digits.
6. Check the boxes if this is partial filing or if you will be submitting additional W-2 or 1099 forms. This informs the tax authority how many forms are included.
7. Fill out line 1 with the total number of W-2 and 1099 Forms attached, separating them into part a and part b.
8. On line 2, enter the total withholding tax reported on Forms MW506 for the year.
9. Provide the total state and local tax shown on your W-2 and 1099 forms in line 3, ensuring to combine totals if you are submitting both types.
10. Complete line 3c with the total withholding tax paid this year, and line 3d with any tax-exempt credits for which you qualify.
11. Calculate the amount due with your return on line 4 by subtracting lines 3c and 3d from line 3.
12. If applicable, report any overpayment on line 5, and specify the amount you wish to apply as a credit on line 6 or have refunded on line 7.
13. Finally, review all the information for accuracy. Make sure to sign the form, include your title and phone number, and indicate the date of submission.
14. You can then save your changes, download the completed form for your records, or print it for submission. Ensure all W-2s and 1099s are attached as required.

Complete your 2024 Maryland Form 508 Annual Employer Withholding Reconciliation Return online today.