Comptroller's office mails withholding guide

Maryland Watch

December 19, 1997

The Maryland State Comptroller's Office has mailed more than 121,000 employers in the state a tax withholding guide for 1998 that explains the latest changes to the law.

The guide provides both instructions and tables stating how much employers should withhold from weekly, biweekly and monthly pay checks.

It also reminds employers that the tax deduction applies only to the state income tax.

The state income tax rate drops to 4.95 percent from 5 percent next year, and the personal exemption increases to $1,400 from $1,200.

"People who are not getting them should call us," said Marvin A. Bond, Maryland's assistant comptroller.

Bond said the state expects to collect between $7 billion and $8 billion in total income taxes this year.

The guide explains that employers who must withhold Maryland income tax for employees who live in Talbot and Worcester counties need special withholding guides from the comptroller's office.

Businesses that do not receive the guides or need guides for Talbot or Worcester counties, should call 800-MD-TAXES.

Pub Date: 12/19/97

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