NOTE:  The Commissioner of Taxes has mandated the electronic filing of  Forms W-2 and 
         1099 and the accompanying Employers Annual Withholding Reconciliation (Form WHT-434).  
         The mandate is effective for all payroll filing services, paid preparers, and employers who will            Page 1
         remit    25 or more W-2 and/or 1099 forms.  Employers with fewer than 25 W-2 and/or 1099 
         forms are encouraged to file electronically.
                         You may file this form electronically at myvtax.vermont.gov

                            FORM WHT-434 Instructions    

                            Annual Withholding Reconciliation

                                 General Information 
                            Please print in BLUE or BLACK ink only.
Important Information                                                                                                INSTR  (Place at FIRST page)
                                                                                                                     Instr. pages 
         All taxpayers are required to file Form WHT-434.  This form should be filed with copies of your Forms W-2 
         and/or 1099.  
         You may file this form electronically on our online filing site at myvtax.vermont.gov.

Due Date                                                                                                             1 - 1
         Form WHT-434 is due January 31 for the previous tax year.

                                 Specific Instructions
Box A    If your business has closed or been sold, check the box and enter the closure date.
Box B    Check this box if your business is reporting third-party sick pay.
Box C    Enter your  company’s total cost for  employer-sponsored health  insurance coverage  for all Vermont 
         employees.
Part I - VT W-2s
         Part I is used to report the total Vermont wages paid this year and the total Vermont tax withheld from the 
         wages.
Part II - VT 1099s
         Part II is used to report the total Vermont nonwage payments made this year and the total Vermont tax 
                                                                                                                     INSTR  (Place at LAST page)
         withheld from the nonwage payments.  Nonwage payments include payments reported on Form 1099R and 
                                                                                                                     Instr. pages 
         Form 1099-Misc. 
Part III - Reconciliation
         Enter the total Vermont tax withheld from both wages and nonwage payments.  This amount should match 
         the total withholding reported and paid on your monthly or quarterly filings for the previous calendar year.
                                                                                                                     1 - 1
         If you need to correct the wages or Vermont withholding reported for any quarter in the previous calendar 
         year, you must amend Form WHT-436, Quarterly Withholding Reconciliation and Health Care Contributions, 
         filed for the quarter you are correcting.

                                                                                    Instructions for Form WHT-434
                                                                                                          Page 1 of 1
                                                                                                          Rev. 08/22