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)
        All taxpayers are required to file Form WHT-434.  This form should be filed with copies of your Forms W-2   Instr. pages 
        and/or 1099.  
        You may file this form electronically on our online filing site at myvtax.vermont.gov.
Due Date
        For tax years beginning with 2016, this form is due January 31 of the following year.  For example, for the 1 - 1
        reporting period ending December 31, 2020, this form is due January 31, 2021.

                                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 2020.                      1 - 1
        If you need to correct the wages or Vermont withholding reported for any quarter in 2020, 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
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                                                                                                         Rev. 10/20