Form 1099-DIV for Maryland 2024-2025

Form 1099-DIV for Maryland: What You Should Know

Division of Unemployment Insurance This form reports withholding from a taxpayer's UI benefits as well as any wages the taxpayer earned while unemployed during the tax year for which the employer-reports form was filed. The Division uses Form 2116. The Maryland Division uses Form 2106 for all other employment taxes. Recommended filing method: Magnetic Media. The deadline is not yet determined. 1099-H Instructions and Specifications How does the IRS classify payment of wages in lieu of Social Security and Medicare? The IRS regulations provide the following definitions for wages paid in lieu of Social Security and Medicare: A lump sum payment of money or a payment for a specified period (referred to as a lump-sum payment) is a wage payment; a payment for an indefinite period of time (known as a periodic payment) is a payment; a payment for a fixed period of time is a periodic payment (other than a lump-sum, periodic, or definite payments or amounts in payment); a payment for an indefinite amount of time is not a lump-sum payment or a periodic payment (but it may amount to a payment). Who determines whether an individual received the state unemployment benefits the IRS required? The employer reporting is responsible for determining the amount of state unemployment benefits which will be withheld from the employee's wages. What is state tax reporting? The Maryland Department of Labor issues unemployment insurance (UI) tax forms that employers should file with the Division of Unemployment Insurance. Instructions and Specifications and state tax reporting are available on the Maryland State Tax Division website. This publication is not a substitute for the rules published by the Division of Unemployment Insurance. How is the reporting of unemployment benefits on an employer's tax forms subject to reporting requirements? The Maryland Department of Labor requires employers to report the amounts received (and withheld) from the unemployed employee on an Employee-Employer's Return and Payroll Deductions and Credits form. These forms are also available on the Maryland State Tax Division website. This publication is not a substitute for the rules published by the Maryland State Tax Division. How do I determine the employee's eligibility for UI benefits? UI benefits are intended to help individuals recover from a period of unemployment. The UI regulations define unemployment as an absence from full-time employment for more than one year. For employees to maintain UI benefits, the duration of unemployment must be at least two consecutive quarters during which the employee worked for the employer providing unemployment insurance and at least one quarter from the date of the onset of the period of unemployment.

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