On January 16, 2025, the Internal Revenue Service (“IRS”) issued Revenue Ruling 2025-4 (the “Rev. Rul.”). The Rev. Rul. provides guidance on ...

Income tax would have been withheld if the employee had claimed no more than one withholding allowance or had not claimed exemption from withholding on Form W-4, Employee's Withholding Allowance ...

This form details your total earnings from the previous year, along with the taxes that were withheld from your pay. If you're a full-time or part-time employee, you'll typically need to receive a ...

As University of Missouri System employees enter the second year of the transition to the new paid time off policy, the first payout of the year will come with a higher tax withholding.

Tax season has officially ... as of Jan. 27, 2025. Employers and financial institutions have until Jan. 31, 2025, however, to provide individuals with W-2 and 1099 forms for 2024.

An explosion at a cannabis extraction facility in Maryland sent two employees to the hospital and caused an estimated $250,000 in damages as investigators work to determine what went wrong. The ...

As some Maryland residents face the prospect of increased taxes, a study by the Tax Foundation found that the state is already one of the least competitive tax states in the nation. The study ...

The Minnesota Department of Revenue (DOR) published a withholding fact sheet providing guidance on assigning employee income to Minnesota for tax purposes. The document outlines rules for allocating ...

“People will label it a wealth tax, but cutting programs is no more politically popular than raising revenue,” Eberly said. Former BGE employees’ petition alleging fraud denied by Maryland ...

What Moore’s tax plan would do For single taxpayers, Moore’s budget would tax all income beyond $500,000 annually at a rate of 6.25% and all income beyond $1 million annually at a rate of 6.5% ...

one of those documents is a W-2 form, which outlines all income an employee earned from a given employer, Social Security, Medicare and taxes withheld. But exactly when you receive your W-2 is ...