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Reply to "income tax withholding in MD"
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[quote=Anonymous]Holy run-around, Batman! I am moving from DC to MD and for the life of me I cannot figure out how to fill out the stupid MW507 Maryland Withholding Exemption Certificate. I just called Maryland taxpayer assistance and that was a complete and utter waste of time. My question was about how many exemptions I can claim (DC is different from the Feds in this regard). For 2014 I will be married filing separate, claiming 2 children as dependents. I think that means I should enter 3 exemptions and do the calculation on second page, which yields 4.875. I am told to round-down, so this would be 4 exemptions. This is completely confused by the taxpayer assistance agent who told me to make sure I put down 8% because otherwise I will incur penalties and fees. There is nowhere on the blessed form to put down 8%. How dos the 8% relate to the exemptions? What the heck does he mean by MD being a "pay as you go" state? Don't they take money out of every check?? I know this is probably way simpler than this man made it sound, but can someone please break it down for me? Thanks.[/quote]
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