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- DictionaryWithholding/wiTHˈhōldiNG/
noun
- 1. refusal to give something that is due or desired: "the withholding of consent to treatment"
adjective
- 1. not expressing affection or warmth of feeling: "the guy is a withholding type"
May 29, 2024 · What Is Withholding? Withholding is the portion of an employee's wages that is not included in their paycheck but is instead remitted directly to federal tax...
Nov 22, 2023 · Withholding tax is tax your employer withholds from your paycheck and sends to the IRS on your behalf. If too much money is withheld throughout the year, you’ll receive a tax refund.
Aug 20, 2024 · For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular pay depends on two things: The amount you earn. The information you give your employer on Form W–4.
May 2, 2024 · Tax withholding is a way for the U.S. government to maintain its pay-as-you-go (or pay-as-you-earn) income tax system. This means taxing individuals...
Jul 26, 2022 · Your withholding tax is a term for the federal income taxes that are taken from your earnings and sent to the IRS throughout the year. Taxes are withheld not...
1. : to hold back from action : check. 2. archaic : to keep in custody. 3. : to refrain from granting, giving, or allowing. withhold permission. 4. : to deduct ( withholding tax) from income. intransitive verb. : forbear, refrain. withhold from commenting. withholder noun. Synonyms. decline. deny. disallow. disapprove. negative. nix. refuse.
Jan 30, 2024 · Understand tax withholding. An employer generally withholds income tax from their employee’s paycheck and pays it to the IRS on their behalf. Wages paid, along with any amounts withheld, are reflected on the Form W-2, Wage and Tax Statement, the employee receives at the end of the year.
Jan 29, 2024 · Withholding tax is income tax collected from wages when an employer pays an employee. The beginnings of withholding tax date back to 1862, when it was used to help fund the...
Withholding is the income an employer takes out of an employee’s paycheck and remits to the federal, state, and/or local government. It is calculated based on the amount of income earned, the taxpayer’s filing status, the number of allowances claimed, and any additional amount of the employee requests.
to refuse to give something or to keep back something: to withhold information / support. During the trial, the prosecution was accused of withholding crucial evidence from the defence. Police are withholding the dead woman's name until her relatives have been informed.
