An amount of an employee's income that an employer sends directly to the federal, state, or local tax authority as partial payment of that individual's tax liability for the year. When a person starts a new job, he/she is required to fill out a W-4 form on which he/she can indicate his/her filing status and the number of allowances he/she is claiming.
Related information about withholding:
- IRS Withholding Calculator
Nov 14, 2012 ... If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new Form W-4, ...
- Tax Withholding
Aug 2, 2012 ... Tax Withholding. The federal income tax is a pay-as-you-go tax. There are two ways to pay as you go. Withholding. If you are an employee, ...
- 2012 Withholding Calculator
Aug 2, 2012 ... 2012 Withholding Calculator. General Information. What filing status will you use on your 2012 Income Tax Return? Single Married filing joint ...
- Withholding tax - Wikipedia, the free encyclopedia
Withholding tax, also called retention tax, is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay ...
- withholding - definition of withholding by the Free Online Dictionary ...
with·hold·ing (w th-h l d ng, w -). n. A portion of an employee's wages or salary withheld by the employer as partial payment of the employee's income tax.
- Withhold - Merriam-Webster Online
Mar 29, 2011 ... to deduct (withholding tax) from income. intransitive ... She was accused of withholding evidence. ... Next Word in the Dictionary: withholding tax ...
- Tax Withholding Calculator - Kiplinger
Wondering how much you should withhold in your paycheck? Use our calculator to see how much you can add to your paycheck...starting next pay day.
- Withholding Definition | Investopedia
The portion of an employee's wages that is not included in his or her paycheck because it is remitted directly to the federal, state and local tax authorities.