Employers with Employees Residing in Maryland
Maryland employers are required to notify their employees that they may qualify for State and Federal Earned Income Tax Credits (EITC). This notice is necessary for your employees to prepare their 2017 taxes.
The notice must be in electronic or written format and include the following statements:
1. This employee may be eligible for the Federal and State Earned Income Tax Credit.
2. This employee may be eligible for the State Earned Income Tax Credit.
Information on your employees' eligibility and a sample employee notice are available on the Maryland website. Please contact your payroll provider and tax advisor with any questions.
IRS Statement on Health Care Reporting Requirement
For the upcoming 2018 filing season, the IRS will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act.
The IRS will not accept the electronic tax return until the taxpayer indicates whether they had coverage, had an exemption or will make a shared responsibility payment. In addition, returns filed on paper that do not address the health coverage requirements may be suspended pending the receipt of additional information and any refunds may be delayed.