News release effective January 31, 2017
W-2’s have been printed and mailed to employees addresses on file. Employees who have not received their W-2 should notify Central Payroll immediately by calling 410-260-7964. POSC has been updated with 2016 W-2 information and may be used with proper authorization to print a re-issued version of a W-2.
Requests for duplicate W-2’s to be PRINTED BY Central Payroll (not from POSC) are now being accepted. Please call the following number for these requests 410-260-7964.
2017 W-4 (fill in) forms for DC, WV and MD are now available via our website, they can be located as follows: Click on the General Information Link, scroll to the bottom of the webpage, click on the link for PAYROLL FORMS.
As a reminder, employees who claimed EXEMPTION from Federal and/or State Income Tax withholding for 2016 should be aware that this EXEMPTION from withholding requires an ANNUAL filing of the form W-4/MW-507. The deadline to file for 2017 is 2/15/2017.
2017 Maryland County (piggyback) Taxes
Two counties will have a change in their local withholding rate, they are:
Calvert County - was raised from 2.80% (2016 rate) to 3.00% (2017 rate) and,
Somerset County - was raised from 3.15% (2016 rate) to 3.20% (2017 rate).
For more details on Maryland’s withholding laws, please reference the ‘Maryland Employer Withholding Guide’.
2017 Federal Tax & Withholding
- The annual Federal withholding allowance is $4,050.
- The 2017 employee social security withholding tax rate remains at 6.2%.
- The wage base for the calculation of social security taxes was raised to $127,200.
- The 2017 wage base for Medicare remains the same at 1.45% for employees earning from $1 - $200,000 and 2.35% for those employees earning over $200,000.
For additional Federal information on taxing and withholding, reference the IRS Publication 15, (Circular E) Employer's Tax Guide, on the IRS website.
Robert Murphy, Director