Get the free Maryland Withholding Exemption Certificate (MW507)

This form is used by employees in Maryland to inform their employers of their income tax withholding preferences and exemptions, allowing for proper tax withholding from their wages.

How to fill out maryland withholding exemption certificate

How to fill out Maryland Withholding Exemption Certificate (MW507)

1. Obtain the Maryland Withholding Exemption Certificate (MW507) form from the Maryland State Comptroller's website or your employer.
2. Complete your personal information in the designated fields, including your name, address, and Social Security number.
3. Indicate your filing status (single, married, etc.) by checking the appropriate box.
4. List the reasons for claiming exemption by referring to the instructions, and ensure you meet the criteria.
5. Sign and date the certificate at the bottom of the form.
6. Submit the completed MW507 form to your employer's payroll department.

Who needs Maryland Withholding Exemption Certificate (MW507)?

1. Employees who are claiming exemption from Maryland state income tax withholding.
2. Individuals who will not owe any income tax for the current tax year and expect to receive a refund of all Maryland income tax withheld.
3. Students who work in Maryland but have no tax liability may also need to fill out this form.

People Also Ask about

Who is not required to file Maryland tax return?

Possibly. Single taxpayers under 65 are not required to file a Maryland income tax return unless their Maryland gross income was $10,400 or more in 2017. Maryland gross income is federal gross income (but do not include Social Security or Railroad Retirement income) plus Maryland additions.

Do seniors pay income tax in MD?

Maryland is moderately tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are partially taxed. Wages are taxed at normal rates, and your marginal state tax rate is 4.75%.

Should I claim exemption from withholding yes or no?

You are asking if you should say on your W-4 for the employer that you are exempt. No. Do not say you are exempt, even if you are unlikely to owe tax or expect a refund. If your income is low, then the employer will not withhold federal tax, or will not withhold very much anyway.

How to fill out W4 in Maryland?

On the W-4 Form complete the following and write legibly. Section 1 – Payroll System – RG – Regular. Agency Code: 220100. Section 2 – Federal Taxes – Complete line 3; and then either line 5 or line 7. Section 3 – State Taxes -- Marital status and then line 1, or 3, or 4, or 5. Section 4 – Sign and date the form.

Does Maryland have a tax exemption for seniors?

Senior tax credit: Maryland has a Senior Tax Credit for residents 65 and older who meet income eligibility guidelines. To qualify, your federal adjusted gross income cannot be more than $100,000 for a single filer, or more than $150,000 if you file jointly, as a surviving spouse or head of household.

Who is exempt from the Maryland tax?

Under the Service members Civil Relief Act, as amended by the Military Spouses Residency Relief Act, you may be exempt from Maryland income tax on your wages if (i) your spouse is a member of the armed forces present in Maryland in compliance with military orders; (ii) you are present in Maryland solely to be with your

Who is exempt from Maryland income tax?

The personal exemption is $3,200. This exemption is reduced once the taxpayer's federal adjusted gross income exceeds $100,000 ($150,000 if filing Joint, Head of Household, or Qualifying Widow(er) with Dependent Child).

How to fill out a Employee withholding exemption Certificate?

To claim exempt, write EXEMPT under line 4c. You may claim EXEMPT from withholding if: o Last year you had a right to a full refund of All federal tax income and o This year you expect a full refund of ALL federal income tax. NOTE: if you claim EXEMPT you must complete a new W-4 annually in February.

For pdfFiller’s FAQs

What is Maryland Withholding Exemption Certificate (MW507)?

The Maryland Withholding Exemption Certificate (MW507) is a form that allows employees in Maryland to claim exemption from state income tax withholding if they meet certain criteria.

Who is required to file Maryland Withholding Exemption Certificate (MW507)?

Employees who believe they qualify for an exemption from state income tax withholding must file the MW507 form with their employer to ensure their withholding is adjusted appropriately.

How to fill out Maryland Withholding Exemption Certificate (MW507)?

To fill out the MW507, an employee needs to provide their personal information, indicate their eligibility for exemption, and sign the form before submitting it to their employer.

What is the purpose of Maryland Withholding Exemption Certificate (MW507)?

The purpose of the MW507 is to inform employers about employees' status regarding state income tax withholding, allowing those eligible to reduce or eliminate withholding.

What information must be reported on Maryland Withholding Exemption Certificate (MW507)?

The MW507 requires information such as the employee's name, address, Social Security number, the number of exemptions claimed, and any additional relevant details regarding their exemption status.